Thursday 17 October 2013

Poland: production back on the up | beyondbrics

Poland: production back on the up | beyondbrics:

"Poland’s economic recovery is gathering steam, with new industrial production numbers showing that growth in central Europe’s largest country is picking up sharply.

September’s industrial production was accelerated to 6.2 per cent on an annual basis, up from 2.2 per cent in August.

Looking at the third quarter, industrial production grew by an annual 49 per cent. In the second quarter industrial production grew by only 1.3 per cent while in the first quarter it contracted by 1.5 per cent.

Capital Economics estimated that the overall economy grew by an annual pace of as much as 2.5 per cent in the third quarter, a steep increase from an expansion of only 0.8 per cent in the second quarter."

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