Poland Industry August 2019

Poland

Poland: Industrial output falls back in August

September 19, 2019

Industrial output contracted 1.3% year-on-year in August, contrasting the 5.8% jump recorded in July, according to the Central Statistical Office (GUS). August’s downturn largely reflected a slump in manufacturing output, particularly in the manufacture of motor vehicles, trailers and semi-trailers, and of basic metals. Moreover, the electric and gas utilities sector contracted in the month, as did the mining and quarrying sector—especially mining of cool and lignite. On the other hand, the tiny water supply, and sewerage waste management sector recorded healthy growth.

All told, annual average growth in industrial output dropped from July’s 5.1% to 4.6% in August, the weakest record since June 2017.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 4.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growing 4.7%.


Author: Massimo Bassetti, Economist

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Poland Industry Chart


Poland Industry August 2019

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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