Industrial output up 2.9% y/y
December 19, 2013
Poland's industrial output rose 2.9% y/y in November, while falling 6.2% compared with October, according to the Central Statistical Office.
Analysts surveyed by the PAP news agency had expected 1.7% y/y growth and a monthly decline of 5.5%.
Seasonally adjusted industrial output in November was up 4.4% on a 0.3% monthly decrease.
There were two working days fewer in November than during the same month a year earlier.
BNP Paribas economist Michal Dybula told PAP that the data "confirms progressing recovery in Q4 2014, suggesting GDP growth well above 2% y/y."
Polish producer prices fell 1.5% y/y in November and went down by 0.3% m/m.