Poland Industry

Poland

Poland: Industrial production decelerates in June

July 17, 2014

In June, industrial production expanded 1.7% over the same month last year. The increase was below the 4.4% reading tallied in May and also undershot market expectations of a 3.7% expansion. Moreover, the reading marked the lowest growth rate since May of last year. The deceleration reflected a weaker expansion in manufacturing compared to last month. Meanwhile, the electricity, gas, and steam sector rebounded to positive growth in June after contracting in May, and the decline in mining and quarrying eased.

On a month-on-month basis, industrial production increased a seasonally-adjusted 2.1%, which contrasted the 1.5% decrease observed in May. The overall trend moderated slightly, with annual average growth in industrial production falling from 4.7% in May to 4.6% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.0% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, the panel expects growth in industrial production to accelerate to 6.3%.


Author:, Economist

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Poland Industry Chart


Poland Industry June 2014

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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