In May, industrial production expanded 4.6% over the same month last year, which was above both the 2.8% increase tallied in April and market expectations, which had industrial production rising 2.5%. The result mainly reflected an acceleration in manufacturing production, in particular in the manufacture of chemicals and chemical products as well as of electrical equipment. On a month-on-month basis, industrial production rose a seasonally adjusted 0.1% over the previous month, which was well below the 2.3% expansion seen in April. Despite the increase, the trend continues to deteriorate, with annual average growth in industrial production falling from 5.6% in April to 5.3% in May.
Industrial production accelerates for second straight month
June 20, 2012
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Poland Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.
Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
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 4–5 October monetary policy meeting.