Poland: Industrial production accelerates in August
September 18, 2015
In August, industrial production expanded 5.3% over the same month last year, which was above the 3.8% increase tallied in July. However, August’s reading undershot the 6.1% rise the markets had expected. The acceleration reflected improvements in all sectors over the previous month, with both mining and quarrying as well as electricity, gas and steam rebounding from contractions.
On a month-on-month basis, industrial production decreased 1.3% in August, contrasting July’s flat growth and marking a four-month low. Annual average growth in industrial production rise from 3.7% in July to 4.3% in August.
Author: Eric Denis , Economist