Industry in Poland

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Growth in industrial output jumps in October

According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion. Driving the result were increases recorded by the manufacturing and the electricity, gas, steam and air conditioning sub-sectors. Particularly strong growth was recorded in the manufacture of machinery and equipment, textiles, basic metals and metal products. Mining and quarrying output, on the other hand, once again contracted.

Annual average industrial output came in at 5.9% in October, rising from 4.8% in September and marking the best reading in over five years and a half.


FocusEconomics Consensus Forecast panelists expect industrial production growth to increase 4.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to expand 4.2%.

Poland - Industry Data

2012  2013  2014  2015  2016  
Industrial Production (annual variation in %)1.4  2.4  3.5  4.8  2.9  

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Poland Industry Chart


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

Poland Facts

ValueChangeDate
Bond Yield3.41-0.30 %Nov 17
Exchange Rate3.59-0.53 %Nov 17
Stock Market63,047-1.13 %Nov 17

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Economic News

  • Poland: Growth in industrial output jumps in October

    November 20, 2017

    According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion.

    Read more

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  • Poland: Manufacturing PMI signals strong growth at the start of Q4

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    According to IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.4 in October from 53.7 a month earlier, remaining well above the 50-point threshold that distinguishes expansion from contraction in the manufacturing sector—where it has been for just over three years, the longest expansionary sequence since the survey started in June 1998. October’ strong print was underpinned by expansions in new orders and output, with the former matching September’s 31-month record growth rate and the latter easing only marginally from the previous month’s print.

    Read more

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