2014-12-17 14:08 [Photo: .shock - Fotolia.com] 
Industrial production in Poland fell in November, a month-to-month by 7.5 percent, the Central Statistical Office . On the other hand, compared to the same period last year, it increased by 0.3 percent. This and so much worse than expected market.
Update 15:00
The change compared to the previous month is much worse. In October mom had to deal with an increase of 3.5 percent.
The Polish economy recorded a smaller increase in comparison to the same period last year. It amounted to 0.3 percent, 0.8 percentage points less than the forecasts, which indicated an increase of 1.1 percent.
| Industrial production in Poland (percentage change) | ||||
|---|---|---|---|---|
| November (change y / r) | November (change m / m) | October (change in y / y) | October (change m / m) | |
| Source: Money.pl, based on GUS | ||||
| Mining and quarrying | 6,7 | -8, 8 | -8.2 | 2.5 |
| Manufacturing | 1 | -8.8 | 2.7 | 2.7 |
| Production and supply of electricity, gas and water | -2.3 | 7.6 | – 3.1 | 15.3 |
| Water supply; sewerage, waste management and remediation activities | 1.6 | -6.3 | 0 | 0.6 |
| Construction output | 1.6 | -9.4 | -1 | 7.2 |
| Total | 0.3 | -7.5 | 1.6 | 3.5 |
The CSO report says that in compared to November last year. year production growth was recorded in 20 (out of 34) among industry in the manufacture of computer, electronic and optical products – by 13.0 percent, furniture – by 11.1 percent, machinery and equipment – by 5.5 percent, electrical equipment – by 5.0 percent, pharmaceutical products – by 4.7 percent and paper and paper products – by 3.8 percent.
– S Padek sold production of industry, as compared to November last year. was recorded in 13 divisions, m. al. in manufacture of other transport equipment – by 15.6 percent, beverages – 12.2 per cent, in the mining of coal and lignite – by 7.9 per cent, in the manufacture of coke and refined petroleum products – by 4.3 percent, food products – by 3.9 per cent, in the production and supply of electricity, gas, steam and water supply – by 2.3 percent – CSO report says.
The project criticized the two clubs.
also fared poorly data on construction and assembly. On an annual basis, it fell by 1.6 percent. A month earlier, a similar reading indicated a decrease of 1 percent.
On Monday, the Central Statistical Office published data on inflation. Here there was no surprise. In November we saw deflation of 0.6 percent year on year. These factors will certainly take into account the Monetary Policy Council at the next meeting, at which it will decide the fate of interest rates.
– The deeper deflation and lower output growth, together with November’s data on deflation at the level of prices paid by consumers and core inflation is likely to persuade the MPC to seriously consider interest rate cuts in January. Only one step to the weakening of the zloty. Especially if it will already be under selling pressure – says Marcin Kiepas, Admiral Markets analyst.
Read more in Money.pl
Industrial production in Poland rose in October by 3.5 percent, the Central Statistical Office. In the past 12 months was 1.6 percent growth rate.
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