Poland Industry


Industrial production decelerates in October

In October, industrial production rose 1.6% over the same month last year, which was notably below the 4.2% expansion recorded in the previous month although it did overshoot the 1.4% increase that markets had expected. The reading reflected a deterioration in all sectors with the largest decelerations recorded in mining and quarrying, as well as in water supply and waste management.

On a month-on-month basis, industrial production expanded a seasonally-adjusted 0.3% in October, which was significantly below the 1.0% increase recorded in September. As a result, the overall trend moderated, with annual average growth in industrial production inching down from 3.8% in September to 3.6% in October—the lowest level in eight months.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.4% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel expects growth in industrial production to accelerate to 4.8%, which is unchanged from last month’s projection.

Author:, Economist

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Poland Industry Chart

Poland Industry October 2014

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.

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