Seasonally adjusted industrial output in Poland rises by 4.1% y/y in November

By bne IntelliNews January 15, 2014

Poland's seasonally adjusted industrial output inched down by 0.3% m/m in November of 2013 and was up by 4.4% in annual terms (vs. annual growth of 4.3% a month earlier), according to the data of Eurostat.
In the entire European Union, the output was up by 1.5% m/m and up by 3.0% y/y in November.
According to seasonally unadjusted figures earlier presented by stats office GUS, November saw a monthly drop of industrial output by 6.2% m/m and a growth of 2.9% in annual terms (vs. market consensus of 1.2% y/y).
Poland's industrial output has been growing since June (by 2-6% y/y according to seasonally unadjusted figures and by 3-5% according to Eurostat's data). Notwithstanding the fluctuations, this indicator is perceived as one of the key factors confirming that Poland's economic recovery is actually taking place. It is also a confirmation of the recovery's gradual character.

Related Articles

Glass wool production restarts in Hungary after 16-year hiatus

Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more

Poland signs €200mn deal with ICEYE for reconnaissance satellites

Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more

Erste Group buys 49% of Santander’s Polish unit for €6.8bn

Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more

Dismiss