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Industrial output grows more than expected

20th February 2014
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Poland’s industrial output grew by 4.1 percent year-on-year in January, Poland’s statistics office GUS said in a release on Wednesday. In month-on-month terms the growth was 2.9 percent.

Analysts surveyed by the Polish Press Agency had expected industrial output to grow by 3.5 percent y/y and by 2.4 percent m/m.

Seasonally adjusted industrial production grew by 6.3 percent y/y and by 2.3 percent m/m in January.

Production in the construction sector declined by 3.9 percent y/y and by 64 percent m/m, GUS also said.

“Taking into account the negative working day effect in January, the growth rate of output has to be interpreted as a very good result” BZ WBK economists wrote in an e-mailed comment. In their opinion, the data points to an optimistic scenario of a gradual rebound of Poland’s economy.

 

Poland A.M.


From Warsaw Business Journal

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