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%.