FX.co ★ Polish Manufacturing Expands for 2nd Month

The S&P Global Poland Manufacturing PMI experienced a slight increase, reaching 50.7 in March 2025, up from 50.6 in February, though it fell short of the anticipated 50.9. This represented the second consecutive month of expansion, as both output and new orders achieved their most rapid growth since February 2022. Export activity also saw an upturn, marking its first rise in over three years, attributed to a recovery within the EU. Business confidence soared to its highest point since June 2021, fueled by heightened demand, the introduction of new products, growth in construction, and increased exports. Despite the surge in demand, employment figures dropped, while the decline in backlogs was at its slowest pace in nearly three years. Manufacturers boosted their input purchases for the first time since May 2022. The robustness of the zloty contributed to managing import costs effectively. Consequently, goods producers raised output prices for the second consecutive month; however, overall pricing pressures remained exceptionally low from a historical perspective.