Poland Industry April 2020

Poland

Poland: Industrial production collapses at record pace in April amid lockdown

May 21, 2020

Industrial output crashed an all-time sharp 24.6% year-on-year in April, following the milder 2.3% drop recorded in March, according to the Central Statistical Office (GUS). April’s marked contraction was due to lockdown measures fully entered into force. The dive recorded in April mainly reflected plunging manufacturing activity and a notable fall in mining and quarrying output. Meanwhile, the production of utilities and water supply recorded a slight dip.

Consequently, annual average growth in industrial output fell to 0.2% in April from 3.1% in March, marking the weakest record since August 2013.

FocusEconomics panelists expect industrial output to fall 5.3% in 2020, which is down 1.3 percentage points from last month’s forecast. For 2021, the panel expects growth in industrial output of 5.5%.


Author: Massimo Bassetti, Economist

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Poland Industry April 20 20

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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