Industry in Poland
Poland - Industry
Industrial output records slowest growth since February 2021 in October
Industrial output grew 6.8% compared to the same month a year earlier in October, which was a deterioration from September's 9.8% increase. October's outturn marked the worst reading since February 2021. The figure was largely due to weaker mining and quarrying output growth. In addition, electricity, gas and utilities production contracted at a sharper rate.
On a seasonally adjusted monthly basis, industrial production fell 1.1% in October (September: +0.3% mom), the worst result since May. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over one-year low of minus 1.1%, down from September's minus 0.6% reading.
Commenting on the release, economists ad ING stated:
“Poland’s industry was quite robust in 3Q22, driven by an improvement in global supply chains, but October might have been the last month of significant annual output growth. In the coming months, overall production is expected to suffer from a high base from last year's impressive (and hard-to-explain) output growth in the energy production section. ”
FocusEconomics panelists expect industrial output to expand 7.9% in 2023, which is up 1.0 percentage points from last month’s forecast. For 2024, the panel expects growth in industrial output of 4.6%.
Poland - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.8 | 2.9 | 6.5 | 6.0 | 4.3 |
Poland Industry Chart
Source: Central Statistics Office.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Poland: Inflation comes in at highest level since December 1996 in October
November 28, 2022
Inflation came in at 17.9% in October, which was up from September’s 17.2%.
-
Poland: Business sentiment ticks up in November
November 25, 2022
Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020.
-
Poland: Retail sales record slowest growth since February in October
November 24, 2022
Retail sales grew 18.3% in year-on-year terms in October, which followed September's 21.9% increase.
-
Poland: Industrial output records slowest growth since February 2021 in October
November 24, 2022
Industrial output grew 6.8% compared to the same month a year earlier in October, which was a deterioration from September's 9.8% increase.
-
Poland: GDP growth cools in Q3
November 16, 2022
According to a flash release, GDP growth decelerated to 3.5% year on year (yoy) in the third quarter, from 5.8% in Q2.
© Copyright: 2022. | Poland Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
