Poland: Industrial output falls again in March
April 18, 2013
In March, industrial production declined 2.9% over the same month last year, which followed the 2.1% decrease tallied in February and overshot market expectations of a 2.2% fall. The deterioration mainly reflected a contraction in manufacturing as well as a decline in mining and quarrying.
On a month-on-month basis, however, industrial production rose a seasonally adjusted 0.7%, which contrasted the 1.0% decrease observed in February. Moreover, the trend deteriorated, with annual average growth in industrial production falling from plus 0.2% in February to minus 0.1% in March.
FocusEconomics Consensus Forecast panellists expect industrial production to increase 2.2% in 2013, which is down 0.2 percentage points from last month's forecast. For 2014, the panel expects industrial production growth to accelerate to 4.6%.