Poland Industry


Industrial production maintains momentum in March

In March, industrial production expanded 5.4% over the same month last year. The increase followed the 5.3% rise tallied in February, but came in below market expectations of a 6.4% increase. The result reflected a large expansion in manufacturing as well as growth in the water supply and waste management sector.

On a month-on-month basis, industrial production increased a seasonally-adjusted 0.2%, which contrasted the 0.9% decrease observed in February. The overall trend improved, with annual average growth in industrial production rising from 3.3% in February to 4.0% in March, which represents the highest level since August 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%.

Author:, Economist

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Poland Industry Chart

Poland Industry March 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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