Industrial Production in Poland
The Polish economy recorded average industrial production growth of 5.5% in the decade to 2022, above the 3.2% average for Eastern Europe. In 2022, industrial production growth was 10.7%. For more industry information, visit our dedicated page.
Poland Industry Chart
Poland Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 4.3 | -1.0 | 15.3 | 10.6 | -2.1 |
Industrial output rebounds in June
Industrial output grew 0.3% in year-on-year terms in June, which contrasted May's 1.6% decrease. Looking at the details of the release, mining and quarrying output dropped at a sharper rate in June, while manufacturing output gathered steam. On a seasonally adjusted monthly basis, industrial production rose 1.5% in June (May: -2.1% mom s.a.). Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at minus 2.1%, up from May's minus 3.2% reading.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Polish industry projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Polish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Polish industry projections.
Want to get access to the full dataset of Polish industry forecasts? Send an email to info@focus-economics.com.
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