PMR Online access    |   tel. +48 12 340 51 00    |   E-mail:


High growth in industrial output


In June this year industrial production increased 6.8% y-o-y and 8.8% in comparison with May 2005, the Central Statistics Office (GUS) has announced. Compared to the low growth rate in output in the previous month (0.9%), the June figures are very promising. The majority of analysts had expected smaller increases in these indicators. According to Monetary Policy Council member, Jan Czekaj, the upswing in output in June may signify an end to negative trends in the real sphere. However, we must wait for further macro data before making final prognoses for economic growth this year.

In June, seasonally-adjusted industrial production rose by 3.9% y-o-y and by 2.5% m-o-m. In the analysed month the Producer Price Index (PPI) grew 0.1% y-o-y, as against a 0.5% y-o-y fall in May. In monthly terms production prices in June increased by 0.3%.

In comparison with June 2004 sales growth was noted in 18 of 29 sectors in industry. Also worthy of note is the improvement in construction, where after a seasonal decline the last two months have seen a very high dynamic in construction-assembly production (29.9% y-o-y growth in June). This may be evidence of the fact that firms have begun their long-awaited investments.

Browse and search in our archive »

subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »

Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Latest news

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.