In June, industrial production expanded a disappointing 2.0% over the same month last year, below the 7.8% increase in May and market expectations of a 5.7% rise. Slower output growth reflected a deceleration in manufacturing due to weaker external demand. A month-on-month comparison corroborates the deceleration implied by the annual figures, as industrial production declined a seasonally adjusted 2.2% over the previous month, which contrasted the 1.3% increase observed in May. Moreover, the trend deteriorated, with annual average industrial production falling from 10.1% in May to 9.1% in June.
Industrial production slows markedly
July 19, 2011
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Poland Economic News
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.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).