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Poland’s industrial output rebounds in September

Wyślij Print Pobierz added: | 2014-10-21 12:07:13
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Poland’s industrial output rebounds in September

Polish industrial output increased by 4.2% year on year in September above the 2.6% growth forecast in the consensus survey by PAP Polish news agency, and rose by 16.5% from the previous month, the Central Statistics Office (GUS) said on Friday.

Analysts surveyed by PAP had expected a monthly increase of 14%.

Polish seasonally adjusted industrial output in September was up by 1.9% y/y, after 0.7% growth in August, and up by 1.0% month on month.
Output grew y/y in 26 out of 34 categories, with furniture production up 20.1%, pharmaceuticals up 14.7% and electronics up 11.7%.
The sharpest declines were recorded in the production of transport equipment, down 13.3%, and utilities production down 3.4%.
Construction output rose 5.6% in annual terms.

Polish producer prices fell by 1.6% y/y in September vs. 1.3% decline expected in the PAP consensus survey, and edged up by 0.1% m/m, GUS said.

The PAP consensus survey showed expectations for producer prices to rise by 0.1% m/m.

 

Source: The Warsaw Voice





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