Poland Industry January 2021

Poland

Poland: Industrial output records slowest expansion since June 2020 in January

February 18, 2021

Industrial output expanded 0.9% year-on-year in January (December: +11.1% yoy), marking the weakest expansion since June 2020. January's result was largely driven by falling mining and quarrying output. In addition, manufacturing production lost steam.

On a monthly basis, industrial production rose 1.7% in seasonally-adjusted terms in January, rebounding from December’s 4.4% fall. Meanwhile, annual average variation of industrial production was 1.0% in January, mirroring December's result.

FocusEconomics panelists expect industrial output to expand 8.2% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel expects growth in industrial output of 5.5%.


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Poland Industry January 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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