Poland: Growth in industrial output weakens notably in March

According to the Central Statistical Office (GUS), industrial production increased 1.8% in March from the same month last year, losing considerable steam from February’s 7.4% expansion. The manufacturing and water-supply sub-sectors barely grew in March, while the electricity, gas, steam and air conditioning supply expanded strongly. However, mining and quarrying output continued to contract.

Annual average growth in industrial output came in at a five-month low of 6.2% in March, down from February’s 7.0%.

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%.