Poland Industry June 2019

Poland

Poland: Industrial production dives in June, on falling manufacturing output

July 19, 2019

Industrial output fell 2.7% year-on-year in June, contrasting May’s 7.7% jump and marking the worst reading in nearly three years, according to the Central Statistical Office (GUS). A significant contraction in the manufacturing sector and lower mining and quarrying production were behind the drop, only partly offset by expansions in the utilities sector. In the all-important manufacturing sector, the decreases that weighted the most on the overall result were recorded in the manufacture of food products, metal products, and of motor vehicles.

All told, annual average growth in industrial output declined to 5.5% from May’s 6.3%, a 21-month low.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 4.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growing 4.7%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Poland? Download a sample report now.

Download

Poland Industry Chart


Poland Industry June 2019

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.


Poland Economic News

More news

Search form