Poland Industry October 2017

Poland

Poland: Growth in industrial output jumps in October

November 20, 2017

According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion. Driving the result were increases recorded by the manufacturing and the electricity, gas, steam and air conditioning sub-sectors. Particularly strong growth was recorded in the manufacture of machinery and equipment, textiles, basic metals and metal products. Mining and quarrying output, on the other hand, once again contracted.

Annual average industrial output came in at 5.9% in October, rising from 4.8% in September and marking the best reading in over five years and a half.

FocusEconomics Consensus Forecast panelists expect industrial production growth to increase 4.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to expand 4.2%.


Author: Massimo Bassetti, Economist

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Poland Industry October 2017

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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