Poland: Industrial production accelerates in February
March 18, 2015
In February, industrial production expanded 4.9% over the same month of last year, which was well above the mild 1.7% increase tallied in January. February’s reading overshot the 4.0% rise that the markets had expected. The print reflected improvements in manufacturing, as well as in the electricity, gas and steam sector. Conversely, mining and quarrying, as well as water supply, performed worse than in the previous month.
On a month-on-month basis, industrial production increased 1.3% in February, which contrasted January’s 3.1% contraction. Despite February’s improved performance, the overall trend pointed downward, with annual average growth in industrial production edging down from 3.3% in January to 3.2% in February.
Author: Cecilia Simkievich, Economist