Poland Industry


Industrial production decelerates sharply in August

In August, industrial production expanded a paltry 0.5% over the same month last year, which was below both the 5.2% increase tallied in July and market expectations, which had industrial production rising 1.1%. The result mainly reflected slower growth in manufacturing production as well as a contraction in mining and quarrying. On a month-on-month basis, industrial production fell a seasonally adjusted 0.4%, which contrasted the 2.4% rise seen in July. As a result, the trend deteriorated, with annual average growth in industrial production falling from 5.5% in July to 4.9% in August.


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Poland Industry Chart

Poland Industry August 2012

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistical Office (GUS) and FocusEconomics calculations.

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