Poland Industry January 2020

Poland

Poland: Industrial sector struggles at the outset of the year

February 20, 2020

Industrial output rose a timid 1.1% year-on-year in January, following the stronger 3.8% uptick recorded in December, according to the Central Statistical Office (GUS). January’s slowdown reflected slower growth in manufacturing output and in water supply; a sharper contraction in mining and quarrying; and a downturn in the utilities sector.

Meanwhile, annual average growth in industrial output fell to 3.9% in January from 4.3% in Decemebr, marking the weakest record since June 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 January 20 20 0

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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