Poland: Manufacturing bolsters industrial production in February
March 17, 2011
In February, industrial production expanded 10.7% over the same month the previous year. The reading came in slightly above the 10.3% growth registered in January and market expectations of a 10.3% gain. Production increased in all subsectors on the back of resilient manufacturing performance. A month-on-month analysis corroborates the robustness of the annual figures. Industrial production increased 3.5% over the previous month, contrasting the 6.4% drop recorded in January and marking the first positive reading after four consecutive monthly contractions. That said, the trend continued to improve, with the annual average industrial production growth rate inching up from 11.2% in January to 11.4% in February.