Poland Industry March 2016

Poland

Poland: Industrial production growth falls to over-one-year low

April 26, 2016

In March, industrial production expanded 0.5% over the same month last year, coming down from the 6.8% increase recorded in February and marking the lowest reading since November 2014. The acceleration reflected an almost across the board deterioration. Mining and quarrying recorded the largest contraction seen in over six years and manufacturing lost significant steam.

On a monthly basis, industrial production contracted 1.0% over the previous month in seasonally-adjusted terms, which marked a deterioration compared to the flat growth recorded in February. Meanwhile, annual average growth in industrial production dropped from 5.0% in February to 4.3% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.1% in 2016, which is down 0.3 percentage points from last month’s forecast. For 2017, the panel expects growth in industrial production to increase 4.9%.


Author: Angela Bouzanis, Senior Economist

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Poland Industry March 2016

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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