Poland Industrial Output Unexpectedly Falls

Poland’s industrial output fell by 1.5% year-on-year in January 2026, sharply reversing a 7.3% rise in the previous month and missing market expectations of a 2.4% gain. Activity declined in the manufacturing sector (-3.2% vs 7.9% in December 2025). At the same time, output growth slowed in mining and quarrying (5.5% vs 7%) and water supply, sewerage, waste management, and remediation services (3.2% vs 10.9%). Meanwhile, output recovered sharply in electricity, gas, steam, and air-conditioning (18.7% vs -2.6%). On a monthly basis, industrial output dropped by 6% in January, following a 0.1% decline in the preceding period.

Poland’s industrial output surged by 7.3% year-on-year in December 2025, rebounding from a 1.1% fall in the previous month, and surpassing market expectations of a 2.9% gain. Output recovered in the manufacturing sector (7.8% vs -1.4% in November), while activity increased in mining and quarrying (8.7% vs 4.5%) and water supply, sewerage, waste management, and remediation services (11.3% vs 3.4%). At the same time, deceleration softened for electricity, gas, steam, and air-conditioning (-2.1% vs -2.7%). On a monthly basis, industrial output fell by 0.1% in December, easing from a -9.3% decline in the preceding period.

Poland’s industrial output fell by 1.1% year-on-year in November 2025, falling short of market expectations of a 2.7% increase and reversing from an upwardly revised 3.3% gain in the previous month. This marked the first contraction in industrial activity since June and the lowest reading since February, as growth eased for water supply, sewerage, waste management, and remediation services (3.2% vs 5.9%). At the same time, output declined in manufacturing (-1.4% vs 3.3% in October) and electricity, gas, steam, and air-conditioning (-2.1% vs 1.2%). In contrast, activity increased for mining and quarrying (4.8% vs 4%). On a monthly basis, industrial output slumped by 9.3% in November, easing sharply from an upwardly revised 5.5% rise in the preceding period.