The article presents the results of the analysis of the factors influencing labour productivity in the manufacturing business sector in 2004–2008. Labour productivity was analyzed in the context of the assets productivity, technical equipment of work, labour intensity of production, wages, value added and depreciation costs, and using linear stepwise regression. The study shows that despite significant progress, the level of labour productivity in domestic manufacturing significantly lower than the average in the European Union. Lower than in Poland, the level of labour productivity gain only companies in Romania, Bulgaria, Lithuania, Latvia and Estonia. Estimated parameters of the regression function showed that the most important determinants of labour productivity in manufacturing are technical equipment of work, labour intensity of production, assets productivity, level of added value in relation to revenues. These factors explain the variability of labour productivity in 2004–2008 in a high degree.