Poland Industry April 2017

Poland

Poland: Industrial output contracts in April

May 19, 2017

In April, industrial production swung to a 0.6% contraction from the same month last year, which marked a substantial decline compared to March’s 11.1% expansion. While the mining and quarrying sub-component was hardest hit, the manufacturing sub-component also recorded a contraction. The other sub-components remained broadly stable.

Annual average industrial output was 3.4% in April, below 4.0% in March.

FocusEconomics Consensus Forecast panelists expect industrial production growth to increase 4.6% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel expects industrial production growth to remain stable at 4.6%.


Author:, Economist

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Poland Industry April 2017 0

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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