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Wednesday, May 21, 2008

Poland Industrial Output April 2008

Polish industrial output growth accelerated in April, which had more working days than the March, raising the prospect that the central bank may well raise interest rates to counter a pickup in growth. Production rose an annual 14.9 percent, compared from 1 percent in March, the Central Statistical Office said today. Month on month, production was up 4 percent over March.

Basically it is important to remember that Easter was in March this year, and this is playing havoc with non-working day adjusted data. But still y-o-y growth looks pretty robust at this point.

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