Poland Industry August 2020

Poland

Poland: Industrial production growth accelerates in August

September 18, 2020

Industrial output rose 1.5% year-on-year in August, accelerating from July’s 1.1% expansion. August’s result marked the third consecutive positive reading and the strongest increase since February. August’s acceleration was largely driven by faster growth in manufacturing activity. Meanwhile, utilities output swung to contraction and the water supply and waste management sector expanded at a more moderate pace.

Similarly, the trend improved, with the annual average variation of industrial production coming in at minus 1.7% in August, up from July’s minus 2.0% print.

FocusEconomics panelists expect industrial output to fall 5.3% in 2020, which is up 0.5 percentage points from last month’s forecast. For 2021, the panel expects growth in industrial output of 6.0%.


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Poland Industry August 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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