Poland: Industrial production growth falls to over-one-year low
April 26, 2016
In March, industrial production expanded 0.5% over the same month last year, coming down from the 6.8% increase recorded in February and marking the lowest reading since November 2014. The acceleration reflected an almost across the board deterioration. Mining and quarrying recorded the largest contraction seen in over six years and manufacturing lost significant steam.
On a monthly basis, industrial production contracted 1.0% over the previous month in seasonally-adjusted terms, which marked a deterioration compared to the flat growth recorded in February. Meanwhile, annual average growth in industrial production dropped from 5.0% in February to 4.3% in March.