Poland: Industrial production slows significantly in April
May 20, 2015
In April, industrial production expanded 2.3% over the same month last year and came in significantly below the 8.8% increase tallied in March. April’s reading largely undershot the 6.0% rise that the markets had expected. The print reflected decelerations in all sectors, especially in mining and quarrying and in manufacturing.
On a month-on-month basis, industrial production contracted 2.0% in April, contrasting March’s 0.8% increase and marking the lowest reading in three months. As a result of April’s deceleration, annual average growth in industrial production dropped from 3.5% in March to 3.2% in April.
Author: Eric Denis , Economist