Poland Industry May 2022

Poland

Poland: Industrial output growth strengthens in May

June 23, 2022

Industrial production expanded 15.0% year-on-year in May (April: +12.4% yoy). May's acceleration was driven by faster growth in manufacturing output.

On a seasonally-adjusted monthly basis, industrial production fell 0.4% in May (April: +0.5% mom), the worst result since December 2021. Meanwhile, annual average industrial production growth fell to 3.3% in May (April: +8.3%), 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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Poland Industry May 2022

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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