Industry in Poland
Poland - Industry
Industrial output growth soars to multi-year high in January
In January, industrial production expanded 9.0% over the same month of 2016, which was well above the 2.3% increase recorded in December and was the highest reading since February 2011. The expansion chiefly reflected substantial growth in manufacturing, which recorded a multi-year high. In addition, electricity, gas and steam output expanded at its fastest pace in more than two years. Meanwhile, mining and quarrying production contracted at its slowest pace in four months.
In January, annual average industrial output expanded 3.6%, which was a jump from December’s 3.0%.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.6% in 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, the panel expects growth in industrial production to be 4.3%.
Poland - Industry Data
|Industrial Production (annual variation in %)||6.8||1.4||2.4||3.5||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Poland Industry Chart
Source: Central Statistics Office.
|Bond Yield||3.90||1.04 %||Feb 22|
|Exchange Rate||4.07||-0.14 %||Feb 22|
|Stock Market||59,451||0.20 %||Feb 22|
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February 17, 2017
In January, industrial production expanded 9.0% over the same month of 2016, which was well above the 2.3% increase recorded in December and was the highest reading since February 2011.
February 14, 2017
Poland’s economy picked-up pace in the final quarter of 2016, according to a preliminary flash estimate released by the Central Statistical Office of Poland.
February 13, 2017
Consumer prices rose 0.4% over the previous month in January, which came in lower than the revised 0.7% increase in December (previously reported: +0.5% year-on-year).
February 8, 2017
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 7–8 February monetary policy meeting.
February 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) for Poland rose from December’s 54.3 to 54.8 in January, according to IHS Markit.