Poland Industry January 2016


Poland: Industrial production decelerates significantly in January

February 18, 2016

In January, industrial production expanded 1.4% over the same month last year, which was much below the solid 6.7% increase tallied in December and marked the lowest reading in over a year. January’s result undershot the 1.5% rise the markets had expected. The acceleration reflected deteriorations in all categories but mining and quarrying. In particular, manufacturing rose at the slowest pace since November 2014.

On a month-on-month basis, industrial production fell 0.2% in January, which contrasted December’s 0.7% rise. Annual average growth in industrial production remained stable in January at December’s 4.8%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects growth in industrial production to increase 5.3%.

Author:, Economist

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Poland Industry Chart

Poland Industry January 2016

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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