Poland: Industrial production slows in October
November 21, 2013
In October, industrial production rose 4.4% over the same month last year. The increase marked a deceleration from the 6.2% rise tallied in September, but matched market expectations. The result reflected growth in the water supply and waste management sectors as well as in manufacturing. On a month-on-month basis, industrial production increased a seasonally-adjusted 0.2%, which was down from the 1.4% expansion observed in September. The overall trend was unchanged, with annual average growth in industrial production holding at September's 0.7%. FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.9% in 2013, which is down 0.4 percentage points from last month's forecast. For 2014, the panel expects growth in industrial production to accelerate to 4.1%, which is down 0.5 percentage points from last month's projection.
Author: Carl Kelly, Economist