Poland Industry October 2020

Poland

Poland: Industrial output growth eases in October

November 20, 2020

Industrial output increased 1.0% in year-on-year terms in October, a softer rise than September's 5.9% expansion. Looking at the details of the release, mining and quarrying production declined at a softer rate in October, while manufacturing output increased at a weaker pace. Meanwhile, electricity, gas and utilities output shrunk at a faster rate compared to the previous month.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.9%, down from September's minus 1.7%.

FocusEconomics panelists expect industrial output to expand 6.4% in 2021, which is down 0.4 percentage points from last month’s forecast. For 2022, the panel expects growth in industrial output of 5.0%.


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Poland Industry October 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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