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Industrial output down by 0.8% y-o-y in November


2012-12-20



Industrial output decreased by 0.8% y-o-y in November, a deterioration compared with the previous month, according to data from the Central Statistical Office (GUS). The result is below market expectations, which were for a small increase of 0.4% y-o-y.

Compared with the corresponding period of 2011, output was down in 12 industrial sectors and up in 22. Of the main sectors, two registered decreases in November, namely manufacturing (down by 1.1% y-o-y) and mining and quarrying (down by 0.2% y-o-y). Output in electricity, gas, steam and air conditioning supply rose 1.4% y-o-y and in water supply, waste management and remediation activities by 1.3% y-o-y.

In the case of the country’s manufacturing sub-sectors, output declines were noted e.g. in computer, electronic and optical products (down by 10.6% y-o-y), in furniture (down by 9.6% y-o-y), in other non-metallic mineral products (down by 8% y-o-y), in motor vehicles, trailers and semi-trailers (down by 7.9% y-o-y), in basic metals (down by 7.6% y-o-y) and in leather and related products (down by 6.7% y-o-y).

On the other hand, output in the category of printing and reproduction of recorded media went up by 11.3% y-o-y, in wearing apparel by 8.2% y-o-y, in tobacco products by 5.7% y-o-y, in electrical equipment by 5.5% y-o-y, and in wood, cork, straw and wicker products by 5.2% y-o-y.

In January-November industrial output rose 2.1% y-o-y.

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



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