Biznes Fakty
Industrial production in July 2025. New data from the Central Statistical Office
In July 2025, industrial production surged by 2.9 percent compared to the same month last year, and saw a month-on-month increase of 0.2 percent, according to the Central Statistical Office (GUS).
Analysts polled by PAP Biznes had anticipated a production rise of 1.6% year-on-year and a decrease of 1.3% month-on-month.
When adjusting for seasonal variations, the industrial production sold in July was 1.1 percent higher than in the corresponding month of the previous year and 0.9 percent above June’s figures.
Industrial production. Comments
„The industrial production figures exceeded expectations (2.9% instead of approximately 1.5% y/y), but the overall situation remains somewhat stagnant,” remarked analysts from Bank Pekao.
They noted that „the growth compared to June primarily stemmed from a low comparison base from the previous year, with production levels still trailing behind the peaks seen at the end of 2021 and in early 2022.” „The medium-term outlook remains stagnant,” they added.
Finance and Economy Minister Andrzej Domański also shared his insights regarding the data from the Central Statistical Office.
„The Polish economy has made a robust start to the third quarter. Industrial production in July rose by 2.9%, significantly surpassing analysts’ predictions. Investment goods showed particularly remarkable growth of 11.8%,” he posted on social media.
Economists at PKO BP commented, „Polish industry is entering the third quarter of 2025 with revitalized energy – production in the automotive and machinery sectors has noticeably accelerated, providing a strong boost for the entire industry.”
„The rise in capital goods production (11.8% year-on-year) reflects an improvement in business confidence and a greater willingness to invest. Additionally, metal production (3.5% year-on-year) and the food sector (7.8% year-on-year) also showed positive results,” analysts shared on social media.
However, they cautioned that „the overall situation is not entirely favorable,” as „production in sectors such as beverages, clothing, textiles, and chemicals has struggled, and the declines in the energy sector (-8.9% year-on-year) could indicate challenges in energy-intensive industries.”
„In a broader context, infrastructure investments, defense expenditures, and the energy transition continue to be key drivers of growth. Exports remain largely bolstered by the automotive sector, which confirms the industry’s recovery,” PKO Research highlighted.
