Poland Industry


Poland: Industrial production accelerates in February

March 18, 2015

In February, industrial production expanded 4.9% over the same month of last year, which was well above the mild 1.7% increase tallied in January. February’s reading overshot the 4.0% rise that the markets had expected. The print reflected improvements in manufacturing, as well as in the electricity, gas and steam sector. Conversely, mining and quarrying, as well as water supply, performed worse than in the previous month.

On a month-on-month basis, industrial production increased 1.3% in February, which contrasted January’s 3.1% contraction. Despite February’s improved performance, the overall trend pointed downward, with annual average growth in industrial production edging down from 3.3% in January to 3.2% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.5% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects growth in industrial production to accelerate to 5.6%.

Author:, Economist

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Poland Industry Chart

Poland Industry February 2015

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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