Poland Industry


Industrial production falls most in almost four years in December

In December, industrial production fell 10.6% over the same month the year before, which followed on the 0.8% decline tallied in November and exceeded market expectations of a more moderate 6.5% contraction. In fact, the reading represented the steepest decline seen since April 2009. The deterioration mainly reflected a sharp decline in manufacturing as well as in mining and quarrying.

On a month-on-month basis, industrial production fell a seasonally adjusted 1.9%, which followed the 0.9% decrease seen in November. Overall, industrial production grew 1.4% in 2012, which was well below the 7.0% registered in 2011.


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Poland Industry Chart

Poland Industry December 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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