Poland: Industrial production accelerates in March
April 24, 2015
In March, industrial production expanded 8.8% over the same month last year and came in above the 5.0% increase tallied in February. March’s reading overshot the 7.2% rise that the markets had expected. The print reflected a strong rebound in the mining and quarrying sector. Manufacturing and water supply growth rates accelerated as well compared to the same month last year.
On a month-on-month basis, industrial production grew 0.8% in March, which was lower than from February’s 1.3% increase. As a consequence of March’s improved performance, annual average growth in industrial production inched up from 3.2% in February to 3.5% in March.
Author: Eric Denis , Economist