Poland Industry August 2021

Poland

Poland: Industrial output growth accelerates in August

September 20, 2021

Industrial production expanded 13.2% year-on-year in August, increasing from July’s 9.5% reading. Looking at the details of the release, mining and quarrying output returned to growth in August, and manufacturing output also gathered steam.

On a monthly basis, industrial output decreased 0.3% in seasonally-adjusted terms in August, contrasting July’s 0.4% expansion. Meanwhile, annual average industrial production growth rose to 13.3% in August (July: +12.3%). This signals an improving trend in the industrial sector.

FocusEconomics panelists expect industrial output to expand 12.9% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel expects growth in industrial output of 6.5%.


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Poland Industry August 2021

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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