Poland: Industrial production decelerates in October
November 10, 2010
In October, industrial production increased 8.0% over the same month last year. The result was down from the 11.8% increase recorded in September and undershot market expectations of 10.0%. The result reflected a robust performance in all sub-sectors, which continue to benefit from resilient demand at home and abroad, particularly from Germany. The manufacturing sector grew 9.3% over the same period last year (September: +13.3% year-on-year) while electricity, gas and steam contracted 3.1% (September: +0.3%). Finally, mining and quarrying increased 0.6% in comparison to August's decline of 0.5%. As a result of the October reading, annual average growth in industrial production increased from 10.0% in September to 10.7% in October.