Poland Industry October 2021

Poland

Poland: Industrial output records lowest growth since February in October

November 22, 2021

Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase. While October's outturn marked the lowest reading since February, it was still the 17th consecutive month of annual growth in industrial production. Looking at the details, mining and quarrying production moderated in October, while manufacturing production also weakened.

On a monthly basis, industrial production increased 2.3% in seasonally-adjusted terms in October, which was above September’s 0.9% expansion and marked the best result since September 2020. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 14.1% in October, up from September's 13.6%.

FocusEconomics panelists expect industrial output to expand 6.2% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, the panel expects growth in industrial output of 4.7%.


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Poland Industry October 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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