Poland: Industrial output expands at fastest pace in six months
September 19, 2011
In August, industrial production expanded a robust 8.1% over the same month last year, which represented a strong rebound from the 1.8% increase recorded in July and exceeded market expectations of a 2.7% rise. In fact, the August increase marked the fastest pace since February. A month-on-month comparison confirms the strong rebound implied by the annual data, as industrial production added a seasonally adjusted 2.2% over the previous month, exceeding the 0.4% increase in July. Despite the strong August reading, the trend continued to deteriorate, with annual average growth in industrial production falling from 8.4% in July to 7.9% in August.