Poland: Industrial production accelerates in November
December 17, 2010
In November, industrial production expanded 10.1% over the same month last year. The increase followed on growth of 8.0% in October and was broadly in line with market expectations of a 10.0% increase. The acceleration reflected a more robust performance in two out of the four sub-sectors, which continue to benefit from strong demand, at home and abroad. The manufacturing sector grew 11.9% over the same period last year (October: +9.3% year-on-year) and the water supply sector expanded a robust 7.4% (October: +2.9% yoy). In contrast, electricity, gas and steam contracted 3.3% (October: -3.1% yoy) and mining and quarrying fell 2.2% (October: +0.8% yoy). The trend remains positive but begins to flatten, with the annual average growth rate in industrial production inching up only a notch over October to 10.8% in November.