Industry in Poland
Poland - Industry
Industrial output records lowest growth since February in October
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase. While October's outturn marked the lowest reading since February, it was still the 17th consecutive month of annual growth in industrial production. Looking at the details, mining and quarrying production moderated in October, while manufacturing production also weakened.
On a monthly basis, industrial production increased 2.3% in seasonally-adjusted terms in October, which was above September’s 0.9% expansion and marked the best result since September 2020. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 14.1% in October, up from September's 13.6%.
FocusEconomics panelists expect industrial output to expand 6.2% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, the panel expects growth in industrial output of 4.7%.
Poland - Industry Data
|Industrial Production (annual variation in %)||4.8||2.9||6.5||6.0||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Poland Industry Chart
Source: Central Statistics Office.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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November 23, 2021
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase.
November 22, 2021
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase.
November 15, 2021
Consumer prices rose 1.10% in October over the previous month, picking up from September's 0.70% increase.
November 12, 2021
According to a preliminary estimate, GDP growth lost steam in the third quarter, slowing to 5.1% year-on-year from 11.2% in the second quarter.
November 3, 2021
At its meeting on 3 November, the National Bank of Poland (NBP) raised the reference rate by 75 basis points to 1.25%, which was a larger hike than expected by market analysts.