Industry in Poland
Poland - Industry
Growth in industrial output jumps in October
According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion. Driving the result were increases recorded by the manufacturing and the electricity, gas, steam and air conditioning sub-sectors. Particularly strong growth was recorded in the manufacture of machinery and equipment, textiles, basic metals and metal products. Mining and quarrying output, on the other hand, once again contracted.
Annual average industrial output came in at 5.9% in October, rising from 4.8% in September and marking the best reading in over five years and a half.
FocusEconomics Consensus Forecast panelists expect industrial production growth to increase 4.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to expand 4.2%.
Poland - Industry Data
|Industrial Production (annual variation in %)||1.4||2.4||3.5||4.8||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Poland Industry Chart
Source: Central Statistics Office.
|Bond Yield||3.41||-0.30 %||Nov 17|
|Exchange Rate||3.59||-0.53 %||Nov 17|
|Stock Market||63,047||-1.13 %||Nov 17|
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November 20, 2017
According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion.
November 17, 2017
Consumer prices increased 0.5% in October, following September’s 0.4% rise and marking the fastest increase in 10 months.
November 14, 2017
The Polish economy sped up in Q3.
November 9, 2017
The National Bank of Poland (NBP) kept the reference rate unchanged at a record-low 1.50% at its 7–8 November monetary policy meeting, in line with market expectations.
November 2, 2017
According to IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.4 in October from 53.7 a month earlier, remaining well above the 50-point threshold that distinguishes expansion from contraction in the manufacturing sector—where it has been for just over three years, the longest expansionary sequence since the survey started in June 1998. October’ strong print was underpinned by expansions in new orders and output, with the former matching September’s 31-month record growth rate and the latter easing only marginally from the previous month’s print.