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Industrial output down by 5.2% y-o-y in September


Industrial output decreased by 5.2% y-o-y in September, a significant deterioration compared with the previous month, according to data from the Central Statistical Office (GUS). The marked had anticipated a decline of 3.7% y-o-y.

Compared with the corresponding period of 2011, output was down in 27 (out of 34) industrial sectors. Of the main sectors, the biggest drop was noted in manufacturing (down by 5.6% y-o-y), followed by water supply, waste management and remediation activities (down by 4.2% y-o-y), and mining-quarrying (down by 3.4% y-o-y). Output in electricity, gas, steam and air conditioning supply dipped by 0.4% y-o-y.

In the case of the country’s manufacturing sub-sectors, production of furniture declined by 18.1% y-o-y, that of computers, electronic and optical products by 15.5% y-o-y, pharmaceutical products by 15.4% y-o-y, other non-metallic mineral products by 13.8% y-o-y, while output in the cars, trailers and semi-trailers category dropped by 12.7% y-o-y. On the other hand, production of tobacco products grew by 7.5% y-o-y, chemicals and chemical products by 2% y-o-y and foodstuffs by 0.6% y-o-y.

In January-September industrial output rose by 2.5% y-o-y.

Industrial output in Poland (%, y-o-y), September 2011-September 2012

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