Poland Industry

Poland

Poland: Industrial production decelerates in July

August 19, 2015

In July, industrial production expanded 3.8% over the same month last year, which was below the 7.6% increase tallied in June. July’s reading undershot the 4.1% rise the markets had expected. The deterioration largely reflected that a contraction in mining and quarrying as well as a significant deceleration in manufacturing added to the softer fall in electricity, gas and steam.

On a month-on-month basis, industrial production recorded zero growth in July, slowing down from June’s 0.5% increase. Despite July’s fall, annual average growth in industrial production inched up from 3.6% in June to 3.7% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.3% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects growth in industrial production to accelerate to 5.8%.


Author:, Economist

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Poland Industry Chart


Poland Industry July 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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