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Industrial output up by 10.1% y-o-y in November


2010-12-17



Industrial output climbed by 10.1% y-o-y in November, an acceleration compared with the previous month, according to data from the Central Statistical Office (GUS). The market had expected slower growth, in the region of 9.6% y-o-y.

Compared with the corresponding period of 2009, output was up in 25 out of 34 industrial sectors. Of the main sectors, the highest growth (by 11.9% y-o-y) was noted in manufacturing, followed by water supply, waste management and remediation activities (up by 7.4% y-o-y). In the two other sectors output was lower than a year earlier: in mining-quarrying production dropped by 2.2% y-o-y, whereas in electricity, gas, steam and air conditioning supply by 3.3% y-o-y.

In the case of the country’s manufacturing sub-sectors, particularly strong output increases occurred in computer, electronic and optical products (up by 27% y-o-y), other non-metallic mineral products (up by 24.8% y-o-y), metal products (up by 23.9% y-o-y) and rubber and plastic products (up by 22% y-o-y). Solid double-digit growth was also noted e.g. in electrical equipment (up by 16.9% y-o-y). On the other hand, production of other transport equipment slumped by 15.9% y-o-y, in pharmaceuticals output was down by 4% y-o-y, in beverages by 3% y-o-y and in furniture by 2.2% y-o-y.

In January-November industrial output rose by 9.7% y-o-y.



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