Poland: Industrial production maintains growth momentum in April
May 20, 2014
In April, industrial production expanded 5.4% over the same month last year. The increase matched the reading tallied in March and came in above market expectations of a 5.1% expansion. The result reflected a large expansion in manufacturing, as well as growth in the water supply and waste management sector. On a month-on-month basis, industrial production increased a seasonally-adjusted 0.9%, which followed the 0.2% increase observed in March. The overall trend improved, with annual average growth in industrial production rising from 4.0% in March to 4.2% in April, which represents the highest level since August 2012.
Author: Carl Kelly, Economist