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.
From Warsaw Business Journal
A day full of possibilities
BY Andrew Kureth
Will cabinet reshuffle save PO?
BY Remi Adekoya