Poland Industry July 2019

Poland

Poland: Industrial output rebounds strongly in July

August 21, 2019

Industrial output jumped 5.8% year-on-year in July, contrasting the 2.7% decline recorded in June, according to the Central Statistical Office (GUS). July’s upturn largely reflected a strong rebound in manufacturing output, particularly in the repair and installation of machinery and equipment, and a stronger expansion in the water supply and waste management sector. Meanwhile, the mining and quarrying, and electric and gas utilities sectors contracted in the month.

All told, annual average growth in industrial output dipped to 5.1% from June’s 5.5%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 4.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growing 4.7%.


Author:, Economist

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Poland Industry July 2019

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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