Poland: Industrial production decelerates in October
November 20, 2014
In October, industrial production rose 1.6% over the same month last year, which was notably below the 4.2% expansion recorded in the previous month although it did overshoot the 1.4% increase that markets had expected. The reading reflected a deterioration in all sectors with the largest decelerations recorded in mining and quarrying, as well as in water supply and waste management.
On a month-on-month basis, industrial production expanded a seasonally-adjusted 0.3% in October, which was significantly below the 1.0% increase recorded in September. As a result, the overall trend moderated, with annual average growth in industrial production inching down from 3.8% in September to 3.6% in October—the lowest level in eight months.
Author: Cecilia Simkievich, Economist