Poland's industrial production rose 1 percent over a year earlier in October of 2020, slowing from a 5.9 percent gain in the previous month but beating market expectations of a 0.5 percent increase. Output growth slowed in manufacturing (1.7 percent vs 7.2 percent in September) and water supply, sewerage waste management & remediation activities (5.2 percent vs 8.5 percent). Also, production of electricity, gas, steam & air conditioning supply dropped further (-6.3 percent vs -4.3 percent). Meanwhile, output shrink at a softer pace in mining & quarrying (-5.2 percent vs -14.4 percent). Considering the first ten months of the year, industrial production fell 2.7 percent over the same period a year earlier. source: Central Statistical Office of Poland (GUS)
Industrial Production in Poland averaged 5.95 percent from 1992 until 2020, reaching an all time high of 23.50 percent in March of 2004 and a record low of -24.60 percent in April of 2020. This page provides the latest reported value for - Poland Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Industrial Production in Poland is expected to be -3.20 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 3.60 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 4.50 percent in 2021 and 2.60 percent in 2022, according to our econometric models.