Poland's industrial production surged by 18.9 percent year-on-year in March of 2021, the highest growth rate since May of 2006, following a 2.7 percent jump in the previous month. The robust gain was mainly driven by manufacturing (20.9 percent vs 2.7 percent in February), particularly: electric equipment (57.5 percent); computers, electronic and optical products (54.9 percent) and motor vehicles, trailers and semitrailers (51.1 percent). In addition, output rose at a faster pace in electricity, gas, steam, air conditioning (5.3 percent vs 4.3 percent), and water supply, sewerage waste management (12.2 percent vs 8.2 percent). Also,, mining and quarrying contracted at a much softer rate (-0.6 percent vs -6.1). In the first quarter, industrial activity went up by 7.9 percent in comparison with the corresponding period of 2020. source: Central Statistical Office of Poland (GUS)
Industrial Production in Poland averaged 5.97 percent from 1992 until 2021, 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 May of 2021.
Industrial Production in Poland is expected to be 8.50 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 4.00 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 3.40 percent in 2022 and 2.60 percent in 2023, according to our econometric models.