Poland Industry


Industrial production reaches highest rate in 18 months

In July, industrial production rose 6.3% over the same month last year, which more than doubled the 3.0% rise tallied in June. The increase marked the highest acceleration in a year and a half and exceeded market expectations of a 5.3% increase. The improvement mainly reflected strong growth in manufacturing.

On a month-on-month basis, industrial production increased a seasonally adjusted 0.5%, which contrasted the 3.1% rise observed in June. Nevertheless, the trend remained virtually unchanged, with annual average growth in industrial production inching up from minus 0.5% in June to minus 0.4% in July.

FocusEconomics Consensus Forecast panellists expect industrial production to increase 1.9% in 2013, which is unchanged from last month's forecast. For 2014, the panel expects industrial production growth to accelerate to 4.2%.

Author:, Economist

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Poland Industry Chart

Poland Industry July 2013

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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