Poland Industry February 2018


Poland: Growth in industrial output strengthens notably in February

March 19, 2018

According to the Central Statistical Office (GUS), industrial production increased 7.4% in February from the same month last year, losing some steam from January’s remarkable 8.6% expansion. Driving the result were increases in the manufacturing and the electricity, gas, steam and air conditioning sub-sectors. Particularly strong growth was recorded in the manufacture of coke and refined petroleum products and of metal products. Mining and quarrying output, on the other hand, continued to contract.

Annual average growth in industrial output came in at a multi-year high of 7.0% in February, up from January’s 6.5%.

Poland Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial production 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, Senior Economist

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Poland Industry Chart

Poland Industry February 2018

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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