Industry in Poland
Poland - Industry
Softer growth in industrial output in October points to a weak start to Q4
Industrial output rose 3.5% year-on-year in October, following the stronger 5.6% jump recorded in September, according to the Central Statistical Office (GUS). October’s softening largely reflected slower growth in manufacturing output and a downturn in the mining and quarrying sector. On the other hand, the electric and gas utilities sector gained steam. That said, within the manufacturing sector, manufacture of computer, electronic and optical products as well as of machinery and equipment recorded strong increases.
Consequently, annual average growth in industrial output dropped from 4.8% in September to 4.5% in October, 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%.
Poland - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.4 | 3.5 | 4.8 | 2.9 | 6.5 |
Poland Industry Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | -0.30 % | Nov 21 |
| Exchange Rate | 3.89 | -0.53 % | Nov 21 |
| Stock Market | 57,619 | -1.13 % | Nov 21 |
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Economic News
Poland: Central Bank stands pat in December
December 4, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 3–4 December monetary policy meeting, as had been widely expected.
Poland: Manufacturing sector remains mired in contraction in November
December 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, rose to 46.7 in November from October’s 45.6, which had marked the worst reading since June 2009.
Poland: Inflation ticks up in November
November 29, 2019
Consumer prices inched up 0.1% over the previous month in November, following October’s 0.2% uptick, according to provisional data released by the Poland’s Statistical Institute (GUS).
Poland: Growth eases to near three-year low in Q3 but remains upbeat nonetheless
November 29, 2019
The economy grew 3.9% year-on-year in unadjusted terms in the third quarter of this year, according to a second estimate released by Poland’s Statistical Institute (GUS) on 29 November.
Poland: Retail sales growth inches up in October
November 27, 2019
Nominal retail sales increased 5.4% year-on-year in October, slightly above September’s 5.3% rise.
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