November's industrial output up 2.8% year-on-year

The situation of producers is improving every month, but that doesn't necessarily mean that all is good - this is how economists interpret the latest data from the Central Statistical Office (GUS). Their main concern, however, is that Finance Minister Grzegorz Kolodko disclosed this information before its official publication. Industrial output sales were 2.8% higher in November than last year, though 5.9% lower than in October. This data meets expectations and the market accepted them positively. "Such a drop in industrial production within a month is solely due to the difference in working days," explained Pekao analyst Jacek Wisniewski. The fact that Kolodko knew the data before and did not refrain from announcing them caused a great stir among economists. "If we are to believe that GUS is an autonomous institution, such a thing should not occur," said one economist. (Puls Biznesu, p. 11) A.C.