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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PolandPoland Industrial Production MoM climbed to 0.7% in August 2023
FMPMonthlyReleased October 2023
Poland Industrial Production MoM climbed to 0.7% in August 2023, released October 2023, up 1.5% from July's -0.8% reading. The print exceeded the -0.8% consensus by 1.5%. The print is running well above the 12-month average of -0.18%. Over the past 3 months, Industrial Production MoM averaged -0.35%, vs -0.8% in the prior 3-month window. Industrial Production MoM is now the highest in 7 months.
Latest Release
0.7
Actual
-0.8
Consensus
-0.8
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Poland) was reported at 0.9% in November 2023. The reading fell from the previous value of 1%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.17%, up from the prior three at -0.33%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 26) and Inflation Rate YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update November 2023.
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Industrial Production MoM - PL
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About Industrial Production MoM — Poland
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2023): actual 0.9 %. Prior reading (Aug 2023): 0.7 %. Before that (Jul 2023): -1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.