Poland Industry September 2016

Poland

Poland: Industrial production slows notably in September

In September, industrial production in Poland expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August. The downturn reflected a slowdown in manufacturing growth and a more pronounced fall in electricity, gas, steam and air conditioning output. In contrast, mining and quarrying production grew at the fastest pace since May 2015.

Meanwhile, annual average growth in industrial production inched down from August’s 4.1% to 4.0% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.0% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel expects growth in industrial production to be 4.6%.


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Poland Industry Chart


Poland Industry September 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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