Industry in Poland

Poland Industry | Economic News & Forecasts

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  

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Poland Industry Chart

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

Poland Facts

Bond Yield2.08-0.30 %Nov 21
Exchange Rate3.89-0.53 %Nov 21
Stock Market57,619-1.13 %Nov 21

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