Poland's industrial production decelerates in August
September 19, 2013
Poland's industrial output increased by 2.2% year on year in August on 4.5% decline from a month ago while seasonally adjusted output was up by 2.6% on a 0.9% monthly decrease, showing that the country's economic recovery is continuing, the Central Statistical Office (GUS) said on Wednesday.
According to BZ WBK Chief Economist Maciej Reluga the data on industrial output will not significantly influence the image of the economy. In his opinion, Q3 should still show an acceleration of growth, even clearer than previous quarter. September output should be better than in August, also because of seasonal factors, Reluga said. “Q3 will definitely be the best quarter in terms of industrial output,” he said.
According to BNP PARIBAS Economist Michal Dybula the data confirm that “the recovery of the Polish economy is still fragile and, although leading indices point to faster growth ahead, some disappointments here and there are likely to be seen - at least in the near-term”.