Poland's industrial production slumped 17 percent year-on-year in May of 2020, following a record decline of 26.4 percent in April and compared with market expectations of a 16.8 percent fall, due to easing lockdown restrictions. Output fell less for manufacturing (-18.6 percent vs -27.5 percent) and water supply, sewerage waste management (-2.6 percent vs -3.1 percent) while steeper decreases were seen for mining & quarrying (-14.3 percent vs -8.8 percent) and electricity supply (-1.6 percent vs -1 percent). Considering the first five months of the year, industrial production sank 7.9 percent over a year ago.
Industrial Production in Poland averaged 6.01 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 July of 2020. source: Central Statistical Office of Poland (GUS)
Industrial Production in Poland is expected to be -4.20 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 8.50 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.