Poland Industry


Industrial output falls again in March

In March, industrial production declined 2.9% over the same month last year, which followed the 2.1% decrease tallied in February and overshot market expectations of a 2.2% fall. The deterioration mainly reflected a contraction in manufacturing as well as a decline in mining and quarrying.

On a month-on-month basis, however, industrial production rose a seasonally adjusted 0.7%, which contrasted the 1.0% decrease observed in February. Moreover, the trend deteriorated, with annual average growth in industrial production falling from plus 0.2% in February to minus 0.1% in March.

FocusEconomics Consensus Forecast panellists expect industrial production to increase 2.2% in 2013, which is down 0.2 percentage points from last month's forecast. For 2014, the panel expects industrial production growth to accelerate to 4.6%.


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Poland Industry Chart

Poland Industry March 2013

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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