Industrial output slightly below expectations
Poland’s industrial output grew by 5.3 percent year-on-year in February, statistics office GUS said in a data release on Wednesday. In month-on-month terms it declined by 1.8 percent.
Seasonally adjusted industrial production grew by 5.6 percent y/y and declined by 0.9 percent m/m.
Production in the construction sector rose by 14.4 percent y/y and by 18.7 percent m/m.
Analysts surveyed by the Polish Press Agency had expected industrial output to grow by 6.5 percent y/y and inch down by 0.5 percent m/m.
GUS data on industrial and construction output indicate a continuation of positive trends in the Polish economy, BZ WBK economists wrote in an e-mailed comment.. “These trends should persist in the coming months, leading to an acceleration of an economic growth to slightly above 3 percent in Q1,” they said.
