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

2012-01-19



Industrial output rose by 7.7% y-o-y in December, a deceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The result was however ahead of market expectations, which averaged 6.6% 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 8.6% y-o-y) was noted in manufacturing, followed by mining-quarrying (up by 7.6% y-o-y). In water supply, waste management and remediation activities output went up by 2.7% y-o-y and in electricity, gas, steam and air conditioning supply it inched up by 0.4% y-o-y.
In the case of the country’s manufacturing sub-sectors, particularly strong increases were reported in coke and refined petroleum products (up by 26.3% y-o-y), other non-metallic mineral products (up by 24.7% y-o-y), furniture (up by 22.9% y-o-y), metal products (up by 15.5% y-o-y), chemicals and chemical products (up by 13% y-o-y) and paper and paper products (up by 11.7% y-o-y). On the other hand, output in the pharma sector dropped by 14.4% y-o-y, in machinery and equipment it went down by 4.3% y-o-y, and in wearing apparel by 2.6% y-o-y.
In January-December 2011 industrial output grew by 7.7% y-o-y.