Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
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
Note: This chart displays Industrial Production (annual variation in %) for Poland from 2014 to 2023.
Source: Macrobond.
Poland Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 4.3 | -1.0 | 15.3 | 10.6 | -2.1 |
Industrial activity deteriorates in May
Industrial output decreased 1.7% compared to the same month of the previous year in May, which contrasted April's 7.8% increase. Looking at the details of the release, May's drop was broad-based, as output in the mining and quarrying, manufacturing, and electricity, gas and utilities sub-sectors declined. On a monthly basis, industrial output decreased 2.1% in seasonally adjusted terms in May, contrasting April’s 6.3% expansion. Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at minus 3.2%, up from April's minus 4.8% reading.
Consensus Forecasts and Projections for the next ten years
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 15 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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