Poland Industry February 2021

Poland

Poland: Industrial output growth picks up pace in February

March 18, 2021

Industrial output increased 2.7% compared to the same month of the previous year in February, which followed January's 0.7% increase. Looking at the details of the release, manufacturing output as well as electricity, gas and utilities production expanded at a faster clip compared to the previous month. That said, mining and quarrying production dived in February.

On a seasonally-adjusted monthly basis, industrial production rose at a softer pace of 0.4% in February (January: +1.4% mom), the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in February, down from January's minus 1.0% reading.

FocusEconomics panelists expect industrial output to expand 9.2% in 2021, which is up 1.0 percentage point from last month’s forecast. For 2022, the panel expects growth in industrial output of 5.4%.


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Poland Industry February 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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