FX.co ★ Poland’s Manufacturing Slump Eases as S&P Global PMI Climbs to 48.7 in March

Poland’s manufacturing downturn showed signs of easing in March, as the S&P Global Manufacturing PMI rose to 48.70 from 47.10 in February 2026. While the index remains below the 50.0 threshold that separates expansion from contraction, the latest reading points to a slower pace of decline in industrial activity.

The improvement suggests that pressures on the sector may be stabilizing after a weaker start to the year, with March’s data indicating a more moderate contraction than in February. The pickup in the PMI will likely be watched closely by investors and policymakers as a potential early signal that Poland’s manufacturing sector is moving gradually toward a return to growth.

The updated figures, released on 1 April 2026, cover conditions in March 2026 and reflect a cautiously improving sentiment in one of Central Europe’s key industrial economies, even as overall activity remains in negative territory.