Poland: Industrial production decelerates in January
February 18, 2011
In January, industrial production expanded 10.3% over the same month the year before. The reading came in below the 11.4% growth recorded in December but exceeded market expectations of a 9.8% gain. Production increased in all-subsectors, with notable improvements in mining and quarrying and electricity, gas and steam, which swung from a contraction in December to positive growth in January. A month-on-month analysis points to a much worse development than suggested by the annual figures, as industrial production contracted 6.4% over the previous month. That said, the trend improved a notch, with the annual average industrial production growth rate inching up from 11.1% in December to 11.2% in January.