Industrial Production in Poland
The Polish economy recorded average industrial production growth of 5.5% in the decade to 2022, above the 3.2% average for Eastern Europe. In 2022, industrial production growth was 10.7%. For more industry information, visit our dedicated page.
Poland Industry Chart
Poland Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 6.0 | 4.3 | -1.0 | 15.3 | 10.6 |
Industrial activity falls in December
Industrial output fell 3.9% in year-on-year terms in December, which followed November's 0.3% decrease. Looking at the details of the release, mining and quarrying output swung to contraction in December, and manufacturing output fell at a sharper rate. On a seasonally adjusted monthly basis, industrial production jumped 2.9% in December (November: +0.4% mom). Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 11.3% in December, up from November's minus 12.0% reading.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Polish industry projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Polish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Polish industry projections.
Want to get access to the full dataset of Polish industry forecasts? Send an email to info@focus-economics.com.
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