Poland Factory Activity Downturn Eases in February

Manufacturing

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Poland's manufacturing Purchasing Managers' Index, or PMI rose to 48.5 in February from 47.5 in January, survey data from S&P Global showed on Wednesday.

The latest reading pointed to the tenth consecutive month of contraction in the country's factory activity, though the mildest since May 2022.

Both, new orders and production continued to decline but at slower rates. Meanwhile, excess capacity in the sector persisted and firms chose to lower both purchasing activity and employment at their plants.

On the price front, cost inflation, which has been a key feature of the downturn, shifted down noticeably to its lowest level in over two-and-a-half years.

Confidence in the future also improved amid evidence of greater market stability and falling inflation.

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