Poland: Industrial output accelerates in April
May 21, 2018
According to the Central Statistical Office (GUS), industrial production expanded 9.3% in April over the same month of the previous year, the fastest pace since last October and a strong pick-up from March’s tepid 1.8% rise. Both the manufacturing and water-supply sub-sectors accelerated in April, while the mining and quarrying sub-sector rebounded modestly. Meanwhile, output in the electricity, gas, steam and air conditioning supply sub-sector moderated.
Annual average growth in industrial output came in at 7.0%, up from 6.2% in March and tying February for the strongest reading in over six years.
Poland Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.8% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel expects industrial production to expand 4.8%.
Author: Lindsey Ice, Economist