In June, industrial production expanded 1.2% over the same month last year, which was below both the 4.3% increase tallied in May and market expectations, which had industrial production rising 4.1%. The result mainly reflected a slowdown in manufacturing production as well as a fall in electricity, gas and steam production. On a month-on-month basis, industrial production fell a seasonally adjusted 2.0% over the previous month, which was more than the 0.5% decline seen in May. Moreover, the trend continues to deteriorate, with annual average growth in industrial production inching down from 5.3% in May to 5.2% in June.
Industrial production slows in June
July 18, 2012
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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 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.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.