Industrial production in Poland surged 7.4 percent year-on-year in October of 2018, after a 2.8 percent rise in the prior month and beating market expectations of a 6.7 percent growth. It is the strongest increase in industrial activity since July, as output went up faster manufacturing (7.3% vs 2.0% in September), with gains seen in 28 activities (out of 34), led by electrical equipment (19.5%), other transport equipment (18.1%) and metal products (13%). Also, production rose more for electricity, gas, steam and air conditioning supply (11.5% vs 10.4%) and water supply, sewerage waste management and remediation activities (8.6% vs 5.5%). On the other hand, the mining sector shrank (-0.3% vs 8.2%). Considering the January to October period, industrial production advanced 6.1 percent over a year ago. On a seasonally adjusted monthly basis, industrial production went up 1.2 percent. Industrial Production in Poland averaged 6.30 percent from 1992 until 2018, 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 4.90 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.