In February, industrial production rose 5.3% over the same month last year. The increase marked an acceleration over the 4.1% rise tallied in January, but came in below market expectations of a 6.1% increase. The result reflected growth in manufacturing and in the water supply and waste management sector. On a month-on-month basis, industrial production decreased a seasonally-adjusted 0.9%, which contrasted the 2.3% increase observed in January. The overall trend improved, with annual average growth in industrial production rising from 2.7% in January to 3.3% in February, which represents the highest level since October 2012. FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.6% in 2014, which is up 0.3 percentage points from last month's forecast. For 2015, the panel expects growth in industrial production to accelerate to 5.8%.
Industrial production accelerates in February
March 19, 2014
Author: Carl Kelly, Economist
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Poland Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.
Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
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.