Poland: Minor Slowdown in Industrial Production

BusinessEconomy ♦ Published: September 19, 2013; 15:58 ♦ (Vindobona)

On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.

Poland: Minor Slowdown in Industrial Production / Picture: © Vindobona.org

Seasonally adjusted output increased by 2.6 percent y/y while it decreased 0.9 percent on a monthly basis. However, it still shows that economic recovery in Poland will carry on, according to the Central Statistical Office (GUS).

Chief economist at BZ WBK, Maciej Reluga, announced the data on industrial production do not have a drastic impact on Poland’s economy. According to…