Industrial production in Poland increased 6.1 percent year-on-year in January 2019, faster than a 2.8 percent gain in December and beating market consensus of 3.9 percent. Production rebounded significantly for mining & quarrying (0.8 percent vs -8.9 percent in December) and output advanced further for manufacturing (5.3 percent vs 2.1 percent in December); water supply, sewerage waste management and remediation activities (7.2 percent vs 5.1 percent) and for electricity, gas, steam and air conditioning supply (15.1 percent vs 13.4 percent). On a seasonally adjusted monthly basis, industrial activity went up 7.4 percent, recovering from an 11.5 percent decline in the prior month. Industrial Production in Poland averaged 6.28 percent from 1992 until 2019, reaching an all time high of 23.50 percent in March of 2004 and a record low of -15.30 percent in January of 2009.
Industrial Production in Poland is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Poland to stand at 4.20 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 3.20 percent in 2020, according to our econometric models.