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Industrial output up by 1.8% y-o-y in July


Industrial output rose by 1.8% y-o-y in July, a slight deceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The market had anticipated a bigger increase, in the region of 3.5% y-o-y.

Compared with the corresponding period of 2010, output was up in 19 (out of 34) industrial sectors. Of the main sectors, the highest growth (up by 6.8% y-o-y) was noted in water supply, waste management and remediation activities. In the manufacturing sector output increased by 2.3% y-o-y. In the two other sectors production was lower than a year earlier: in mining-quarrying it declined by 2.7% y-o-y and in electricity, gas, steam and air conditioning supply it slumped by 3.1% y-o-y.

In the case of the country’s manufacturing sub-sectors, particularly strong increases occurred in basic metals (up by 18.8% y-o-y), metal products (up by 15.6% y-o-y) and furniture (up by 15.5% y-o-y). Double-digit growth was also recorded e.g. in electrical equipment (up by 10.1% y-o-y). Production of motor vehicles, trailers and semi-trailers grew by 8.7% y-o-y and that of rubber and plastic products by 6.5% y-o-y.

On the other hand, production of beverages tumbled by 22.4% y-o-y, production of computer, electronic and optical products slumped by 13.9% y-o-y, output in chemicals and chemical products went down by 8.7% y-o-y, in machinery and equipment by 6.1% y-o-y, and in coke and refined petroleum products by 4.2% y-o-y.

In the first seven months of 2011 industrial output grew by 6.4% y-o-y.

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