Poland Industry

Poland

Poland: Industrial production slows significantly in April

May 20, 2015

In April, industrial production expanded 2.3% over the same month last year and came in significantly below the 8.8% increase tallied in March. April’s reading largely undershot the 6.0% rise that the markets had expected. The print reflected decelerations in all sectors, especially in mining and quarrying and in manufacturing.

On a month-on-month basis, industrial production contracted 2.0% in April, contrasting March’s 0.8% increase and marking the lowest reading in three months. As a result of April’s deceleration, annual average growth in industrial production dropped from 3.5% in March to 3.2% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 5.2% in 2015, which is up 0.3 percentage points from last month’s forecast. For 2016, the panel expects growth in industrial production to accelerate to 5.4%.


Author:, Economist

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Poland Industry Chart


Poland Industry April 2015

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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