Poland: Industrial production decelerates in July
August 19, 2015
In July, industrial production expanded 3.8% over the same month last year, which was below the 7.6% increase tallied in June. July’s reading undershot the 4.1% rise the markets had expected. The deterioration largely reflected that a contraction in mining and quarrying as well as a significant deceleration in manufacturing added to the softer fall in electricity, gas and steam.
On a month-on-month basis, industrial production recorded zero growth in July, slowing down from June’s 0.5% increase. Despite July’s fall, annual average growth in industrial production inched up from 3.6% in June to 3.7% in July.
Author: Eric Denis , Economist