Poland's industrial production increased 1.4 percent from a year earlier in November 2019, easing from a 3.5 percent expansion in the previous month and defying market expectations of zero growth. Manufacturing output rose only slightly (0.2 percent), while strong growth rates were recorded for electricity, gas, steam & air conditioning supply (14.4 percent), water supply; sewerage, waste management & remediation activities (5.3 percent) and mining & quarrying (3.4 percent). Industrial Production in Poland averaged 6.22 percent from 1992 until 2019, 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. source: Central Statistical Office of Poland (GUS)
Industrial Production in Poland is expected to be 1.40 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 1.90 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 2.60 percent in 2020, according to our econometric models.
Poland Industrial Production
In Poland, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 86 percent of total production. The biggest segments within Manufacturing are: food products (16 percent of total production); motor vehicles, trailers and semi-trailers (10 percent); metal products (7 percent), rubber and plastic products (6 percent), electrical equipment (5 percent), coke and refined petroleum products (5 percent), chemicals and chemical products (4 percent), other non-metallic mineral products (4 percent), and basic metals (4 percent). Electricity, gas, steam and air conditioning supply accounts for 8 percent of total output; Mining and quarrying for 3 percent; and Water supply; sewerage, waste management and remediation activities for 2 percent.