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Industrial output up by 7.7% y-o-y in September


2011-10-19



Industrial output rose by 7.7% y-o-y in September, a slight deceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The result far surpassed market expectations, which were in the region of 5% y-o-y.

Compared with the corresponding period of 2010, output was up in 26 (out of 34) industrial sectors. Of the main sectors, the highest growth (up by 8.7% y-o-y) was noted in manufacturing, followed by water supply, waste management and remediation activities (up by 6.3% y-o-y). Output in electricity, gas, steam and air conditioning supply inched up by 0.8% y-o-y, whereas production in the mining-quarrying sector declined by 3.7% y-o-y.

In the case of the country’s manufacturing sub-sectors, particularly strong increases were reported in furniture (up by 20.5% y-o-y), basic metals (up by 18.9% y-o-y), or metal products (up by 16.7% y-o-y). Production of motor vehicles, trailers and semi-trailers went up by 11.8% y-o-y, that of other non-metallic mineral products by 10.3% y-o-y, and output in the food sector rose by 9.7% y-o-y. On the other hand, production of pharmaceuticals slumped by 18.2% y-o-y, machinery and equipment saw a 10.9% y-o-y decline in output, and in chemicals and chemical products production fell by 5.2% y-o-y.

In January-September industrial output grew by 7% y-o-y.



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