Poland Industry May 2019

Poland

Poland: Industrial production growth softens in May, but remains strong

June 21, 2019

Industrial output rose 7.7% year-on-year in May, down from April’s 9.2% jump, according to the Central Statistical Office (GUS). The expansion was broad-based: Output in the manufacturing; mining and quarrying; water supply, sewerage waste management and remediation activities; and the production of electricity, gas, steam and air conditioning supply all recorded notable increases. In the all-important manufacturing sector, the strongest increases were recorded in manufacture of electrical equipment, and of other transport equipment.

All told, annual average growth in industrial output ticked up to 6.3% from April’s 6.1%.

Poland Industrial Production Forecast


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

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Poland Industry Chart


Poland Industry May 2019

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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