Poland: Industrial output decelerates in May
June 19, 2018
According to the Central Statistical Office (GUS), industrial production expanded 5.4% in May over the same month a year prior, easing from April’s six-month high of 9.3% growth. The deceleration in May was due to a contraction in mining and quarrying output. Meanwhile, output growth moderated in the electricity, gas, steam and air conditioning supply; manufacturing; and water supply sub-sectors.
Moreover, annual average growth in industrial output came in at 6.7%, down from 7.0% in April.
Poland Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to increase 6.0% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial production to expand 4.8%.
Author: Lindsey Ice, Economist