Poland: Industrial output rebounds in April
May 21, 2013
In April, industrial production rose 2.7% over the same month last year, which contrasted the 2.9% decrease tallied in March and undershot market expectations of a 3.0% rise. The improvement mainly reflected a rebound in manufacturing, mining and quarrying as well as in water supply and waste management.
On a month-on-month basis, industrial production rose a seasonally adjusted 0.8%, which was slightly above the 0.7% increase observed in March. Moreover, the trend stabilized, with annual average growth in industrial production remaining unchanged at minus 0.1% in April.
FocusEconomics Consensus Forecast panellists expect industrial production to increase 1.9% in 2013, which is down 0.2 percentage points from last month's forecast. For 2014, the panel expects industrial production growth to accelerate to 4.3%.