FX.co ★ Poland’s Manufacturing PMI Inches Higher in January but Stays in Contraction Zone

Poland’s manufacturing sector showed a marginal improvement at the start of 2026, with the S&P Global Manufacturing PMI rising to 48.80 in January 2026 from 48.50 in December 2025. Despite the uptick, the index remained below the 50-point threshold that separates expansion from contraction, indicating ongoing weakness in manufacturing activity.

The latest reading, updated on 2 February 2026, suggests that while the downturn in Polish industry may be easing slightly, the sector has yet to return to growth. The modest gain signals some stabilization but does not yet point to a decisive turnaround in overall manufacturing conditions.