Poland: Industrial production moderates in December
January 22, 2016
In December, industrial production expanded 6.7% over the same month last year, which was below the solid 7.8% increase tallied in November. December’s reading overshot the 5.6% rise the markets had expected. The acceleration reflected deteriorations in all categories but water supply and waste management. In particular, mining and quarrying contracted at the sharpest rate in 11 months.
On a month-on-month basis, industrial production increased 0.7% in December, which mirrored November’s rise. Annual average growth in industrial production inched down from November’s 5.0% to 4.8% in December.
Author: Eric Denis , Economist