Thursday, April 24th, 2014
Today's weather     
Industrial output rises faster than expected

23rd December 2013
Bookmark and Share

The data indicate a surprisingly quick revival of domestic demand

Industrial output in Poland grew by 2.9 percent year-on-year and fell by 6.2 percent month-on-month in November, statistics office GUS said on December 18. In seasonally adjusted terms, industrial production rose by 4.4 percent y/y and declined 0.3 percent m/m. 

Source: Central Stastical Office

Analysts surveyed by the Polish Press Agency expected industrial output to grow by 1.7 percent y/y and decline by 5.5 percent m/m in November.

Production in the construction sector fell by 2.9 percent y/y and by 8.9 percent m/m.

In an e-mailed comment, BZ WBK economists said that both total output and construction sector data surprised on the upside.

Sectors exposed to external markets continued to perform better than others. Still, we suspect that the positive developments in output rely more and more on a faster-than-anticipated revival of domestic demand,” they said.

Signals of recovery in the construction sector have been increasingly evident over the past months. This most likely reflects a rebound in both private and public sector investment, the economists wrote.


From Warsaw Business Journal

The business of politics
Poland’s PM owes Putin one
BY Remi Adekoya
A few months ago, Civic Platform (PO), Poland’s ruling party, looked sure to lose the upcoming European Parliamentary elections in May. Poll ... READ MORE
From the editor
A day full of possibilities
BY Andrew Kureth
My favorite cartoon ever drawn is the final strip of the iconic “Calvin and Hobbes” series, by fellow Kenyon College alumnus ... READ MORE
Our partners