Poland's industrial production surged 5.4 percent over a year earlier in November of 2020, following a 1 percent increase in October and beating market expectations of a 3 percent rise. Output growth picked up for water supply (7.4 percent vs 5.2 percent in October) and manufacturing (7.2 percent vs 1.7 percent), mainly boosted by production of electrical equipment (24.5 percent), computer, electronic and optical products (15.5 percent) and motor vehicles, trailers and semi-trailers(14.5 percent). In contrast, output continued to decline for electricity, gas, steam air conditioning (-10.5 percent vs -6.3 percent) and mining & quarrying (-3.4 percent vs -5.2 percent). In the first eleven months of the year, industrial activity shrank 2.1 percent over a year ago. source: Central Statistical Office of Poland (GUS)
Industrial Production in Poland averaged 5.95 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 January of 2021.
Industrial Production in Poland is expected to be 3.20 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 3.60 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.