Poland skyline at golden hour

Poland Industrial production February 2023

Poland: Industrial output growth speeds up in January

Industrial output expanded 2.6% in year-on-year terms in January, which was above December’s 1.0% increase. January’s reading was largely driven by a notable rebound in mining and quarrying output. In contrast, manufacturing output weakened.

On a monthly basis, factory output fell 2.0% in seasonally adjusted terms in January, contrasting December’s 0.7% expansion and marking the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 6.3%, down from December’s minus 4.0%.

Commenting on the release, economists at ING, stated:

“Despite signs of stabilisation in the manufacturing sector (slower decline in new orders reported by purchasing managers), production activity is stabilising at a relatively low level, and in the first quarter, industrial value added is likely to be at a lower level than in the same period last year. Combined with the weakness in trade, this will translate into an annualised decline in GDP in the first quarter of this year. We currently estimate this at around 1%.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest