Feb 19 • 10:17 UTC 🇵🇱 Poland Rzeczpospolita

Very weak GUS data on industrial and construction production in January

Industrial production in Poland fell by 1.5% in January, disappointing analysts' forecasts of a 2.8% increase.

In January, Poland's industrial production saw a disappointing decline of 1.5% year-on-year, contrary to the optimistic expectations of economists who predicted a growth of 2.8%. The data released by the Central Statistical Office (GUS) has raised concerns as all surveyed analytical teams anticipated a positive outcome. This downturn could indicate deeper issues within the Polish industrial sector that may need to be addressed to stabilize and promote growth moving forward.

The report highlighted that out of 34 major industrial groups, production increased in only 13, with the strongest growth observed in machinery and related sectors. However, the overall reduction in output raises questions about the health of various industries and the factors contributing to these declines. Notably, the prices of manufactured goods continue to fall, which may be impacting production levels as businesses grapple with factors that lower profit margins and overall economic stability.

Moreover, the article discusses how weather conditions have adversely affected construction production projects in January. This setback, combined with forecasts predicting challenges in the construction sector in 2026, paints a concerning picture for economic growth in Poland. As such, stakeholders are advised to closely monitor these developments as they could impact investment decisions and employment rates in the coming years.

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