Poland Industry February 2020

Poland

Poland: Industrial sector jumps in February

March 19, 2020

Industrial output soared 4.9% year-on-year in February, following the weaker 1.1% uptick recorded in January, according to the Central Statistical Office (GUS). February’s acceleration mainly reflected much faster growth in manufacturing output and a rebound in the utilities sector. Meanwhile, mining and quarrying continued to contract while growth in water supply softened.

On the other hand, annual average growth in industrial output moderated to 3.7% in February from 3.9% in January, marking the weakest record since April 2017.

FocusEconomics panelists expect industrial output to rise 3.7% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel expects growth in industrial output of 4.0%.


Author: Massimo Bassetti, Economist

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Poland Industry Chart


Poland Industry February 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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