Poland's industrial output growth slowed to 7.7 percent year-on-year in May 2019 from 9.2 percent in the previous month, still beating market expectations of 7.3 percent. Output rose at a softer pace for manufacturing (7.8 percent vs 9.6 percent in April) and for water supply, sewerage waste management (9.4 percent from 12.7 percent). On the other hand, production advanced faster for mining & quarrying (4.7 percent vs 3.3 percent) and for electricity, gas, steam and air conditioning supply (6.8 percent from 5.6 percent). Considering the first four months of 2019, industrial production grew 7.0 percent over a year ago. Industrial Production in Poland averaged 6.29 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.
Industrial Production in Poland is expected to be 4.40 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 4.00 in 12 months time. In the long-term, the Poland Industrial Production is projected to trend around 3.60 percent in 2020, according to our econometric models.