Poland Industrial Output Growth Eases in July

Poland’s industrial output eased to 5.1% year-on-year in July 2026 from a downwardly revised 7.4% increase in the previous month, exceeding market expectations of 4.9%. Production growth slowed in manufacturing (4.4% vs. 6.2% in June), driven largely by decreases in food (0.3% vs. 6.7%), wood, cork and wicker products (2.1% vs. 9.1%), paper and paper products (7.0% vs. 19.0%), and pharmaceutical products (1.6% vs. 11.5%). At the same time, output moderated in mining and quarrying (18.5% vs. 28.4%), water supply, sewerage, waste management and remediation activities (7.4% vs. 14.5%), and electricity, gas, steam and air-conditioning supply (11.3% vs. 14.4%). On a monthly basis, industrial production fell by 1.8% in July, following a downwardly revised 1.8% growth in the preceding period. In the January–July period, industrial output was 3.6% higher than a year earlier.

Poland’s industrial output rose 7.6% year-on-year in June 2026, accelerating from a 4.1% increase in May and exceeding market expectations of a 7.2% rise. This marked the strongest growth since September 2025, as production strengthened in manufacturing (6.4% vs. 2.7% in May), driven mainly by gains in other transport equipment (24.9%), paper and paper products (19.0%), electrical equipment (15.8%), machinery and equipment (11.3%), and fabricated metal products (9.6%). Output also accelerated in electricity, gas, steam and air-conditioning supply (16.4% vs. 12.8%) and water supply, sewerage, waste management and remediation activities (14.7% vs. 11.0%), while growth eased in mining and quarrying (28.3% vs. 31.0%). On a monthly basis, industrial production rose 2.0% in June, rebounding from a 0.8% decline in May. In the first half of 2026, industrial output was 3.9% higher than a year earlier.

Poland’s industrial output rose 4.1% year-on-year in May 2026, following a downwardly revised 2.9% increase in the previous month, exceeding market expectations of a 2.5% gain. Production strengthened in manufacturing (2.5% vs 1.6% in April), lifted by higher output in paper and paper products (11.8% vs 5.6%), other non-metallic mineral raw materials (12.2% vs 8.6%), and transport equipment (60.5% vs 15.5%). Additionally, activity increased for mining and quarrying (32.6% vs 21.4%) and electricity, gas, steam, and air-conditioning supply (13.7% vs 12%). Meanwhile, production slowed for water supply, sewerage, waste management, and remediation services (11.9% vs 13.7%). On a monthly basis, industrial production dropped 0.8% in May, easing from a 7.6% decline in the preceding period.