FX.co ★ Poland Industrial Output Rises More than Expected

Poland’s industrial output increased by 4.1% year-on-year in May 2026, up from a downwardly revised 2.9% rise in April and beating market expectations of a 2.5% gain. Growth strengthened in manufacturing (2.5% vs. 1.6% in April), supported by higher production of paper and paper products (11.8% vs. 5.6%), other non-metallic mineral products (12.2% vs. 8.6%), and transport equipment (60.5% vs. 15.5%).

Output also accelerated in mining and quarrying (32.6% vs. 21.4%) and in electricity, gas, steam, and air-conditioning supply (13.7% vs. 12%). By contrast, growth slowed in water supply, sewerage, waste management, and remediation activities (11.9% vs. 13.7%). On a monthly basis, industrial production fell 0.8% in May, moderating from a 7.6% decline in the previous month.