In December, industrial production expanded 11.5% over the same month last year. The reading represented an acceleration compared to the 10.0% expansion tallied in November but came in slightly below market analyst expectations of a 11.9% increase. The acceleration reflected a more robust performance in three out of the four sub-sectors, which continued to benefit from strong demand, at home and abroad. The manufacturing sector expanded 14.3% over the same period last year (November: +11.8% year-on-year) and the water supply sector grew 8.2% (November: +7.3% yoy). Furthermore, electricity, gas and steam improved, contracting 3.1% following a decline of 3.3% in November. However, mining and quarrying deteriorated, falling 9.2% (November: -2.1% yoy). The trend remained positive in the last month of 2010, with the annual average growth rate in industrial production stepping up to 11.1% in December from 10.8% in November. The result was an improvement over 2009, when industrial production contracted 3.6%.
Industrial production accelerates in December
January 20, 2011
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Poland Economic News
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.