In September, industrial production expanded 7.7% over the same month last year, which was below the 8.1% increase recorded in August but widely exceeded market expectations of a more modest 5.2% rise. According to the Central Statistical Office (CSO), output increased in the majority of categories surveyed, most notably in the manufacture of basic metals and metal products. A month-on-month comparison confirms the robust pace of expansion implied by the annual data, as industrial production added a seasonally adjusted 1.9% over the previous month, which was slightly short of the 2.2% increase in August. However, the trend continued to deteriorate, with annual average growth in industrial production falling from 7.9% in August to 7.6% in September.
Industrial production continues to grow at a robust pace
October 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).