Industry in Poland
Poland - Industry
Industrial output records slowest expansion since October 2021 in June
Industrial production expanded 10.4% year on year in June (May: +14.9% yoy). June's outturn marked the worst reading since October 2021. June's notable deterioration was largely driven by decelerating growth in manufacturing and electricity, gas and utilities production. However, mining and quarrying production rose more robustly.
On a seasonally-adjusted monthly basis, factory output fell at a more moderate rate of 1.2% in June (May: -1.7% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 1.4%, down from May's 3.3% reading.
FocusEconomics panelists expect industrial output to expand 7.9% in 2022, which is up 1.0 percentage points from last month’s forecast. For 2023, the panel expects growth in industrial output of 4.6%.
Poland - Industry Data
|Industrial Production (annual variation in %)||4.8||2.9||6.5||6.0||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Poland Industry Chart
Source: Central Statistics Office.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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August 3, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 42.1 in July, down from 44.4 in June.
July 28, 2022
Business confidence fell to 15.6 in July from June's minus 13.0.
July 27, 2022
At its meeting on 7 July, the National Bank of Poland (NBP) raised the key reference rate by 50 basis points from 6.00% to 6.50%.
July 25, 2022
Industrial production expanded 10.4% year on year in June (May: +14.9% yoy).
July 25, 2022
Retail sales grew 19.9% year on year in June (May: +23.6% yoy).