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Poland’s industrial output rises 5.1% in July, below forecasts

Factory production growth slowed to 5.1% year-on-year in July, undershooting expectations of a 4.9% gain, as mining and manufacturing momentum eased from June.

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Sophie Laurent · FX & Rates Desk · 21 Aug 2026 · 17:21 · 1 min read
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Poland’s industrial output rises 5.1% in July, below forecasts

Poland’s industrial output expanded 5.1% in July from a year earlier, the statistics office reported on Thursday, falling short of analyst forecasts for a 4.9% increase.

On a seasonally adjusted basis, production rose 4.2% year-on-year, while total output declined 1.8% compared with June, reversing a 1.8% gain in the prior month. The year-on-year growth rate decelerated from 7.4% in June, signaling a broader slowdown in industrial activity.

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The mining and quarrying sector posted an 18.5% year-on-year increase in July, down from 28.4% growth in June, and contracted 4.9% month-on-month after a 2.4% decline in the previous month. Manufacturing output, which accounts for the bulk of industrial activity, grew 4.4% year-on-year, easing from 6.2% in June, and fell 1.7% month-on-month following a 2.3% rise in June.

The electricity, gas, steam, and air conditioning sector expanded 7.4% year-on-year, while water supply, sewerage, and waste management grew 11.3% compared with July 2025, the data showed.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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