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Industrial output down by 2.1% y-o-y in February


Industrial output decreased by 2.1% y-o-y in February, a deterioration compared with the previous month, according to data from the Central Statistical Office (GUS). The result is fractionally below market expectations, which were for a fall of 1.9% y-o-y.

Compared with the corresponding period of 2012, output was down in 17 out of 34 industrial sectors. Of the main sectors, the biggest drop in output was noted in electricity, gas, steam and air conditioning supply (down by 5.8% y-o-y), followed by manufacturing (down by 1.9% y-o-y) and water supply, waste management and remediation activities (down by 0.1% y-o-y). By contrast, in mining-quarrying output increased by 2.8% y-o-y.

In the case of the country’s manufacturing sub-sectors, declines were noted e.g. in the production of machinery and equipment (down by 13.2% y-o-y), computer, electronic and optical products (down by 12.8% y-o-y), basic metals (down by 8.2% y-o-y), motor vehicles, trailers and semi-trailers (down by 5.9% y-o-y) or coke and refined petroleum products (down by 5.3% y-o-y).

At the same time, output in the category of other transport equipment grew by 15.2% y-o-y, in other non-metallic mineral products by 5.1% y-o-y, in electrical equipment by 2.5% y-o-y, in wood, cork, straw and wicker products by 2.2% y-o-y and in food products by 1.7% y-o-y.

In the first two months of 2013 industrial output decreased by 1% y-o-y.

Industrial output in Poland (%, y-o-y), February 2012-February 2013

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