Poland Industry June 2021

Poland

Poland: Industrial output growth eases in June

July 21, 2021

Industrial output increased 18.4% compared to the same month a year earlier in June, down from May's 29.7% increase. June's notable slowdown was largely driven by a decline in mining and quarrying production. In addition, manufacturing production growth lost pace from the previous month. Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at 11.7% in June, up from May's 10.2%.

On a monthly basis, industrial production rose 0.2% in seasonally-adjusted terms in June, which was below May’s 0.7% expansion.

FocusEconomics panelists expect industrial output to expand 12.2% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel expects growth in industrial output of 6.2%.


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Poland Industry June 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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