Poland produced 9.8 percent less cars and trucks in November compared to the same month last year, the auto market research institute SAMAR announced.
The decrease is attributed to weaker export demand, as around 98 percent of cars and trucks made in Poland are exported. The economic slowdown of the euro zone has influenced demand despite the Polish zloty lost 13 percent to the euro this year, making exports more profitable. Plants in Poland produced a total of 768,303 cars and trucks in the first 11 months of the year, 6.4 percent less than in the same period last year, SAMAR said.
Poland has four major car producers: Fiat Auto Poland, which has 57 percent share of local auto production, Opel Polska with a 21 percent share, Volkswagen with a 21 percent share and FSO with a 1 percent share. According to analysts, the value of car and truck production makes up around 10 percent of Poland’s combined industrial output.
Analysts polled by Reuters at the end of November expect Poland’s industrial growth to slow down to 5.8 percent year-on-year from 6.5 percent the previous month. The Polish statistics office will release November industrial output data on December 19.