In November, industrial production expanded 10.1% over the same month last year. The increase followed on growth of 8.0% in October and was broadly in line with market expectations of a 10.0% increase. The acceleration reflected a more robust performance in two out of the four sub-sectors, which continue to benefit from strong demand, at home and abroad. The manufacturing sector grew 11.9% over the same period last year (October: +9.3% year-on-year) and the water supply sector expanded a robust 7.4% (October: +2.9% yoy). In contrast, electricity, gas and steam contracted 3.3% (October: -3.1% yoy) and mining and quarrying fell 2.2% (October: +0.8% yoy). The trend remains positive but begins to flatten, with the annual average growth rate in industrial production inching up only a notch over October to 10.8% in November.
Industrial production accelerates in November
December 17, 2010
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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).