Poland Industry April 2022

Poland

Poland: Industrial output growth slides to six-month low in April

May 24, 2022

Industrial production expanded 13.0% year-on-year in April (March: +17.3% yoy). April's notable downturn was largely driven by decelerating mining and quarrying and manufacturing output.

On a seasonally-adjusted monthly basis, industrial production fell 2.1% in April (March: +2.1% mom), the worst result since April 2020. Meanwhile, annual average industrial production growth fell to 8.5% in April (March: +17.2%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists expect industrial output to expand 7.9% in 2022, which is up 1.0 percentage points from last month’s forecast. For 2023, the panel expects growth in industrial output of 4.6%.


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