Poland Industry November 2020

Poland

Poland: Industrial output growth gains momentum in November

December 18, 2020

Industrial output rose 5.4% in November (October: +1.0% yoy). November's reading largely reflected a robust pick up in manufacturing output, while mining and quarrying production fell at a softer pace compared to the previous month.

On a monthly basis, factory output decreased 1.6% in seasonally-adjusted terms in November, contrasting October’s 3.2% expansion and marking the worst result since April. Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 1.6%, up from October's minus 1.9%.

FocusEconomics panelists expect industrial output to expand 7.0% in 2021, which is up 0.6 percentage points from last month’s forecast. For 2022, the panel expects growth in industrial output of 5.4%.


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Poland Industry November 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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