Poland Industry January 2017

Poland

Poland: Industrial output growth soars to multi-year high in January

February 17, 2017

In January, industrial production expanded 9.0% over the same month of 2016, which was well above the 2.3% increase recorded in December and was the highest reading since February 2011. The expansion chiefly reflected substantial growth in manufacturing, which recorded a multi-year high. In addition, electricity, gas and steam output expanded at its fastest pace in more than two years. Meanwhile, mining and quarrying production contracted at its slowest pace in four months.

In January, annual average industrial output expanded 3.6%, which was a jump from December’s 3.0%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.6% in 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, the panel expects growth in industrial production to be 4.3%.


Author:, Economist

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Poland Industry January 2017 0

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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