PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


Slowing decline in industrial output gives hope for recovery


In the first seven months of 2009 industrial output slumped by 7.6% y-o-y. In our view, the significant slowing of the pace of decline of industrial output observed in recent months is a sign that the economy is past the worst of the downturn. We expect the improving trend to continue through the remainder of the year. In August we may even see a slight rise in industrial output, due to a much lower reference base. We forecast that in 2009 as a whole industrial output will shrink by 6.2%.

Paweł Sionko
Construction Market Analyst, PMR

Browse and search in our archive »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.