Poland's industrial production surged 5.9 percent from a year earlier in September of 2020, up from a 1.5 percent rise in the prior month and beating market expectations of a 3.8 percent increase. It was the strongest rise in industrial activity since April of 2019, boosted by manufacturing (7.2 percent vs 2 percent in August) and water supply, sewerage waste management & remediation activities (8.5 percent vs 6.2 percent). In contrast, output continued to plunge for mining & quarrying (-14.4 percent vs -10.7 percent) and electricity, gas, steam & air conditioning supply (-4.3 percent vs -2.7 percent). In the first nine months of the year, industrial activity shrank 3.2 percent over a year earlier.
Industrial Production in Poland averaged 5.96 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 October of 2020. source: Central Statistical Office of Poland (GUS)
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.