Poland: Industrial production accelerates in February
March 19, 2014
In February, industrial production rose 5.3% over the same month last year. The increase marked an acceleration over the 4.1% rise tallied in January, but came in below market expectations of a 6.1% increase. The result reflected growth in manufacturing and in the water supply and waste management sector. On a month-on-month basis, industrial production decreased a seasonally-adjusted 0.9%, which contrasted the 2.3% increase observed in January. The overall trend improved, with annual average growth in industrial production rising from 2.7% in January to 3.3% in February, which represents the highest level since October 2012. FocusEconomics Consensus Forecast panelists expect industrial production to increase 4.6% in 2014, which is up 0.3 percentage points from last month's forecast. For 2015, the panel expects growth in industrial production to accelerate to 5.8%.
Author: Carl Kelly, Economist