In July, industrial production expanded a meagre 1.8% over the same month last year, which was below both the already disappointing 2.0% increase in June and market expectations of a 3.4% rise. In fact, industrial output grew at the slowest pace since October 2009. According to the statistical office, the deceleration reflected weaker external demand due to the economic slowdown in Germany, Poland's main trading partner. On a monthly basis, industrial production added a seasonally adjusted 0.4% over the previous month, which contrasted the 2.2% decline in June. Moreover, the trend continued to deteriorate, with annual average growth in industrial production falling from 9.1% in June to 8.4% in July.
Industrial output grows at the slowest pace in nearly two years
August 18, 2011
Looking for forecasts related to Industry in Poland? Download a sample report now.
Poland Economic News
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).