Industry in Poland
Poland - Industry
Industrial output growth slows in March
Industrial output grew 17.3% in year-on-year terms in March, which followed February's 17.6% increase. Looking at the details of the release, mining and quarrying production gained steam in March, while manufacturing output grew at a softer pace.
On a seasonally-adjusted monthly basis, factory output rose at a softer pace of 1.9% in March (February: +2.1% mom). Meanwhile, annual average industrial production growth fell to 17.3% in March (February: +19.5%). This signals a worsening trend in the industrial sector.
FocusEconomics panelists expect industrial output to expand 7.9% in 2022, which is up 1.0 percentage points from last month’s forecast. For 2023, 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 |
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Economic News
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Poland: Central Bank hikes rates by 75 basis points in May
May 9, 2022
At its meeting on 5 May, the National Bank of Poland (NBP) raised the reference rate by 75 basis points from 4.50% to 5.25%, marking the eighth consecutive rate hike since it began its tightening cycle in October 2021.
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Poland: Manufacturing PMI drops again in April
May 6, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 52.4 in April, down from 52.7 in March.
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Poland: Inflation jumps in April
May 5, 2022
Consumer prices rose 2.00% over the previous month in April, following March's 3.30% surge which had marked the strongest increase since January 1996.
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Poland: Retail sales grow at quickest pace since April 2021 in March
April 26, 2022
Retail sales rose 22.0% compared to the same month of the previous year in March, which was above February's 16.5% increase.
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Poland: Business confidence improves but remains pessimistic in April
April 26, 2022
Business confidence rose to minus 11.5 in April from March's minus 16.2.
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