Polish construction's output unexpectedly swings into drop of 3.9% y/y in January

By bne IntelliNews February 20, 2014

Poland's construction industry has swung into a decline after four months of improvement (which led to the first annual since May of 2012), it transpires from the recent output data by national stats office GUS. In January of 2014, the construction and assembly production (in constant prices), including investment and repair work, carried out domestically by construction enterprises employing more than 9 persons, was down by 3.9% on the year (and it plummeted by 64.0% m/m).
Market consensus was growth of 1.3-1.7% y/y vs. December’s rise of 5.8% y/y, November's fall of 2.9% y/y, October's drop of 3.2% and September's decline of 4.8% y/y.
After eliminating the seasonal factors, in January, construction and assembly production reached the level by 3.9% lower than in the corresponding month of the previous year and in comparison to the previous month, it decreased by 1.4%.
In relation to January of 2013, a decrease in production was recorded in entities specializing in civil engineering – by 10.1%, in entities dealing mainly with specialised construction activities by 2.0% and in entities whose basic type of activity is the construction of buildings production reached the same level as in the corresponding month of the previous year.

Related Articles

Poland increases stake in state-controlled PKN Orlen

PERN, the Polish state-owned company managing the country’s network of crude oil pipelines, has bought a 4.9% stake in state-controlled oil and gas group PKN Orlen, the ministry of energy announced ... more

Czech CPI buys huge Central European retail portfolio

Czech real estate investor CPI Group has bought a large portfolio of Central European retail assets, local media reported on January 17. The investor, which has grown its holdings rapidly since ... more

Speculation over a second downgrade grows as S&P drops outlook on Polish economy

Speculation that Poland could suffer a second downgrade of its sovereign rating at the end of the week intensified on January 10, as Standard & Poor’s lowered its estimates on economic growth. ... ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss