Poland: Industrial production decelerates significantly in January
February 18, 2016
In January, industrial production expanded 1.4% over the same month last year, which was much below the solid 6.7% increase tallied in December and marked the lowest reading in over a year. January’s result undershot the 1.5% rise the markets had expected. The acceleration reflected deteriorations in all categories but mining and quarrying. In particular, manufacturing rose at the slowest pace since November 2014.
On a month-on-month basis, industrial production fell 0.2% in January, which contrasted December’s 0.7% rise. Annual average growth in industrial production remained stable in January at December’s 4.8%.
Author: Eric Denis , Economist