18:09 20 October 2025
Industry data supports forecast of GDP acceleration in second half of ‘25
Poland’s industrial output in September showed outstanding results, signaling a strong rebound after years of stagnation. According to Bank Pekao’s Macroeconomic Analysis Department, industrial production rose by 7.4% y/y, far exceeding forecasts of 4.6%, and by 4.1% m/m after seasonal adjustments. Analysts note that while favorable calendar effects and temporary boosts from the automotive sector inflated results, the overall outlook remains positive. The data supports projections of around 4% GDP growth in Q3 2025. Rising investments, strong private consumption, and export recovery — especially in automotive, furniture, and electronics — are key drivers.
Meanwhile, wage growth in September was 7.5% y/y, stable with declining inflation pressures, and employment fell 0.8%, confirming a weak but steady labor market.
