Industrial production in Poland increased 5.8 percent year-on-year in July of 2019, recovering from a 2.7 percent fall in the previous month and below market expectations of a 6.6 percent rise. Output rebounded for manufacturing (6.6 percent vs -3.4 percent in June) and production advanced faster for water supply, sewerage & waste management (10.9 percent vs 2.3 percent). On the other hand, output dropped for electricity, gas, steam & air conditioning supply (-1.2 percent from 5.5 percent) and mining & quarrying (-5.1 percent from -1.9 percent). On a monthly basis, industrial activity went up 2.8 percent, after a 5.9 percent slump in June. Industrial Production in Poland averaged 6.27 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 4.20 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 4.50 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 3.60 percent in 2020, according to our econometric models.