Polish industrial output falls in September, economic growth likely to be weaker in Q3

Poland’s industrial production declined in September after having recovered in August. The nation’s industrial output fell 0.2 percent month-on-month in September after growing 2 percent sequentially in the prior month. Moreover, output has flat-lined in level terms for certain quarters, noted Commerzbank in a research report.

The annualized trend growth pace of Poland’s industrial output is likely to have slowed to around 1.8 percent from 3 percent one year ago. Such data suggest that the Polish economic growth in the third quarter is expected to come in much weaker than the data recorded in the second quarter, according to Commerzbank.

Subdued data for the second quarter had already become a reason for worry. The risk to the sub-consensus 3.1 percent GDP growth outlook forecast for 2016 is on the downside, added Commerzbank.