PMI in Polish manufacturing sector grew by 3.4 pts to 52.2 pts and returned after two months to recovery-levels above 50 pts. Contrary to previous months firms reported an increase in new orders, which in turn generated faster production growth and halted the decline in employment initiated one month before. Central to the recovery in momentum in January was a resumption of new business growth, which increased at the sharpest pace since last August. As a result in January also new orders to production ratio reversed after half year decline. Survey data signaled a robust increase in new export orders revealing improvement in European demand, which was also mentioned directly by respondents. Exporters' activity is supported by relatively weak Zloty, which acts as an automatic stabilizer in the economy.