Industry in Poland

Poland Industry | Economic News & Forecasts

Poland - Industry

Industrial production collapses at record pace in April amid lockdown

Industrial output crashed an all-time sharp 24.6% year-on-year in April, following the milder 2.3% drop recorded in March, according to the Central Statistical Office (GUS). April’s marked contraction was due to lockdown measures fully entered into force. The dive recorded in April mainly reflected plunging manufacturing activity and a notable fall in mining and quarrying output. Meanwhile, the production of utilities and water supply recorded a slight dip.

Consequently, annual average growth in industrial output fell to 0.2% in April from 3.1% in March, marking the weakest record since August 2013.

FocusEconomics panelists expect industrial output to fall 5.3% in 2020, which is down 1.3 percentage points from last month’s forecast. For 2021, the panel expects growth in industrial output of 5.5%.

Poland - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)3.5  4.8  2.9  6.5  5.8  

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Poland Industry Chart

Poland Industry
Note: Annual variation of industrial production in %.
Source: Central Statistics Office.

Poland Facts

Value Change Date
Bond Yield2.07-0.30 %Dec 31
Exchange Rate3.79-0.53 %Jan 01

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