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Discussion Starter · #1 ·
Warsaw, Poland May 17, 2006
Poland's industrial output increased by 14% year on year in March, thus posting the second highest growth among EU states, Eurostat data released on Friday showed.

"In March 2006, and among the Member States for which data are available, industrial production rose in all Member States," Eurostat said. "The highest increases were registered in Slovakia (+15.2%), Poland (+14.1%), Lithuania (+12.8%) and Latvia (+10.0%), and the lowest in the United Kingdom (+0.4%) and Sweden (+1.0%)."

On a monthly basis, production of intermediate goods in the EU area grew by 0.7%, capital goods fell by 0.1%, durable goods grew by 0.4%, while non-durable goods increased by 0.1%.
(PAP Market Insider)

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Even if Poland grew 14% and UK only 0.4, that .4 in UK probably represents more industry than the 14 in Poland. So in that sense, Poland isn't gaining on the UK, it is losing ground.
 

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Discussion Starter · #5 ·
Mamino Zlato said:
Even if Poland grew 14% and UK only 0.4, that .4 in UK probably represents more industry than the 14 in Poland. So in that sense, Poland isn't gaining on the UK, it is losing ground.

:weird:
 

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rejow said:
according to official website of Czech statistic agency, grow of industrial production in march for CR was 17,9%

here is the link to source: http://www.czso.cz/csu/csu.nsf/aktualniinformace
http://www.financninoviny.cz/english/index_view.php?id=188434
So we have the highest industrial growth in EU :banana:

And GDP in 1.Q is expected to growth between 7-8%, according to government even 8,2%

"The Czech government announced record first-quarter economic growth figures this week suggesting that the economy is growing faster than ever before. Jiri Havel, deputy prime minister for the economy, said the economy grew at a rate of 8.2 percent in the first three months of this year"

http://www.radio.cz/en/article/78958
http://www.praguemonitor.com/

:cheers:
 

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Mamino Zlato said:
Even if Poland grew 14% and UK only 0.4, that .4 in UK probably represents more industry than the 14 in Poland. So in that sense, Poland isn't gaining on the UK, it is losing ground.
Erm, no.
 

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Mamino Zlato said:
Even if Poland grew 14% and UK only 0.4, that .4 in UK probably represents more industry than the 14 in Poland. So in that sense, Poland isn't gaining on the UK, it is losing ground.
Welcome to the Mamino Zlato Faculty of Voodoo Statistical Analysis :lol:

It does indeed mean that Poland is gaining on the UK in regards to industrial output.

We are talking percentages here [hint, hint ...]
 

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paku said:
Following your logic, the data given by polish GUS in polish and done by poles could mean anything ;)
Great news for Czech, Slovakia and Poland. We rock! :banana:
Mamino Zlato, your envy of Poland is annoying.
You are absolutely right. All I was implying is that I don't read Czech.
 

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Mamino Zlato said:
Even if Poland grew 14% and UK only 0.4, that .4 in UK probably represents more industry than the 14 in Poland. So in that sense, Poland isn't gaining on the UK, it is losing ground.
If you have any math skills then you will know that this means that Poland is gaining ground(and fast). Its a parabola, the %diference in actual growth will decrease year over year untill its even and then Poland would begind to colse the gap at a increasing rate year over year. How ever the total difference would increase year over year but at a slower pace until it would stay the same for a year and then that gap would also begin to close. So if you calculate Polands economy at this rate for a the next say hundred years and the Uk one also, then Polands economy would overtake the Uk one at some point. fact.
 

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If you have any math skills then you will know that this means that Poland is gaining ground(and fast). Its a parabola, the %diference in actual growth will decrease year over year untill its even and then Poland would begind to colse the gap at a increasing rate year over year. How ever the total difference would increase year over year but at a slower pace until it would stay the same for a year and then that gap would also begin to close. So if you calculate Polands economy at this rate for a the next say hundred years and the Uk one also, then Polands economy would overtake the Uk one at some point. fact.
Not have enough information to say if poland is gaining ground over uk or viceversa.

Need to know originals productions stats ( uk and poland ) just before the study started.

If uk original production stat was less than 35 times poland original production stat ( very possible ) then poland gaining ground , otherway viceversa.
 

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Czech was the richest part of Austro-Hungarian empire, so I think it's matter of time Czech GDP reach that of Austria or even surpass it.
 
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