Industry in Poland

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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

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 Yield1.89-0.30 %Sep 04
Exchange Rate3.93-0.53 %Sep 04
Stock Market56,176-1.13 %Sep 04

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