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||3.54||-0.76 %||Mar 27|
|Exchange Rate||3.91||-0.98 %||Mar 27|
|Stock Market||58,339||-1.24 %||Mar 27|
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March 14, 2017
Consumer prices rose 0.3% over the previous month in February, which came in a notch below the 0.4% increase in January.
March 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 March monetary policy meeting.
March 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) fell slightly from January’s 54.8 to 54.2 in February, according to IHS Markit.
February 28, 2017
Poland’s economy gained steam in the fourth quarter amid a pick-up in exports and private consumption.
February 23, 2017
The manufacturing sector business climate index rose from 2.7 points in January to 4.5 points in February, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).