Industry in Poland
Poland - Industry
Industrial output falls back in August
Industrial output contracted 1.3% year-on-year in August, contrasting the 5.8% jump recorded in July, according to the Central Statistical Office (GUS). August’s downturn largely reflected a slump in manufacturing output, particularly in the manufacture of motor vehicles, trailers and semi-trailers, and of basic metals. Moreover, the electric and gas utilities sector contracted in the month, as did the mining and quarrying sector—especially mining of cool and lignite. On the other hand, the tiny water supply, and sewerage waste management sector recorded healthy growth.
All told, annual average growth in industrial output dropped from July’s 5.1% to 4.6% in August, the weakest record since June 2017.
FocusEconomics Consensus Forecast panelists expect industrial output to grow 4.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial output growing 4.7%.
Poland - Industry Data
|Industrial Production (annual variation in %)||2.4||3.5||4.8||2.9||6.5|
5 years of economic forecasts for more than 30 economic indicators.
Poland Industry Chart
Source: Central Statistics Office.
|Bond Yield||1.89||-0.30 %||Sep 04|
|Exchange Rate||3.93||-0.53 %||Sep 04|
|Stock Market||56,176||-1.13 %||Sep 04|
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September 20, 2019
Nominal retail sales rose 6.0% year-on-year in August, coming in below July’s 7.4% jump but showing resilience nevertheless.
September 19, 2019
Industrial output contracted 1.3% year-on-year in August, contrasting the 5.8% jump recorded in July, according to the Central Statistical Office (GUS).
September 13, 2019
Consumer prices were unchanged over the previous month in August, matching July’s print, according to data released by the Poland’s Statistical Institute (GUS).
September 11, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 10–11 September monetary policy meeting, as had been widely expected.
September 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, rose to 48.8 points in August (July: 47.4 points).