Industrial production in Poland increased 2.8 percent year-on-year in December 2018, following a 4.7 percent surge in the prior month and missing market expectations of a 5.1 percent gain. It is the lowest increase in industrial activity since September. Output rose at a slower pace for manufacturing (2.1% vs 4.2% in November) and water supply, sewerage waste management and remediation activities (5.1% vs 8.0%). In addition, production slipped for mining & quarrying (-8.9% vs 4.4%). On the other hand, activity continued to advance solidly for electricity, gas, steam and air conditioning supply (13.4% vs 9.6%). Considering full 2018, industrial production grew 5.8 percent over a year ago. On a seasonally adjusted monthly basis, industrial activity went down 0.4 percent. Industrial Production in Poland averaged 6.28 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 4.50 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.