The international financial services company reported on Wednesday that the Polish PMI rose to 48.5 in February, from 47.5 in January.
But overall "manufacturing operating conditions in Poland continued to worsen during February," S&P Global said.
"Both output and new orders fell since January, although more positively, rates of decline were the weakest in the respective sequences," it added.
"Confidence in the future also improved amid evidence of greater market stability and falling inflation," it reported.
Paul Smith, economics director at S&P Global Market Intelligence, was cited as saying that "although February indicated the continued contraction of the Polish manufacturing economy, the latest PMI survey provided some hope that the sector is heading towards stabilisation at the very least in the coming months."
The PMI is a composite indicator of manufacturing performance evaluated on the basis of new orders, output, employment, suppliers’ delivery times and stocks of purchases.
Any figure greater than 50 indicates overall improvement of the sector.
Poland’s PMI in April 2020 fell to its lowest level on record amid coronavirus fears, sinking to 31.9 from 42.4 a month earlier at the height of the COVID-19 crisis.
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Source: IAR, PAP, pmi.spglobal.com