Poland Industry September 2020

Poland

Poland: Industrial output grows at fastest pace in over one year in September

October 20, 2020

Industrial production rose 5.9% year-on-year in September (August: +1.5% yoy), marking the strongest expansion since May 2019. Looking at the details of the release, manufacturing output gained traction in September, while mining and quarrying production fell at a sharper pace compared to the previous month.

On a monthly basis, industrial output increased 3.0% in seasonally-adjusted terms in September, which was notably better than August’s 0.6% expansion. Meanwhile, annual average variation of industrial production was stable at August’s minus 1.7% in September.

FocusEconomics panelists expect industrial output to fall 4.3% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects growth in industrial output of 6.8%.


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Poland Industry September 20 20

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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