6:23 27 August 2026
Industrial growth masks worsening business confidence
Polish industrial production is expanding at a surprisingly strong pace, but manufacturing companies remain among the country’s most pessimistic businesses. July output increased 5.1% year on year and 0.5% month on month after seasonal adjustment, with investment goods, electronics and machinery among the principal drivers.
Investment supported by EU recovery funding and rising defense-sector orders should continue helping production during the remainder of 2026. However, manufacturers face intense competition from Asian suppliers, higher input costs and continued uncertainty surrounding external demand. The contrast produces a two-speed picture: current output data remain encouraging, while business sentiment points to concern about future orders and profitability. The divergence suggests that Poland’s investment cycle is supporting factories for now, but may not fully resolve longer-term competitiveness pressures facing European industry.
Source: pb.pl
