Poland Industrial Production Recovers, Producer Prices Fall Further in Oct
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Poland's industrial production expanded for the first time in nine months in October, while producer prices continued their falling trend, data from the Central Statistical Office (GUS) showed on Tuesday.
Industrial production climbed 1.6% year-on-year in October, reversing a revised 3.3% decrease in September.
Among sectors, output produced in the utility sector grew the most by 17.2% annually in October. Mining and quarrying production advanced 5.7%, while manufacturing output increased only 0.3%. On a monthly basis, industrial output growth eased to 4.1% in October from a downwardly revised 8.2% in September.
In a separate report, the statistical office revealed that producer prices declined 4.1% annually in October, following a 2.7% fall in the prior month. The yearly decline was driven by lower prices in the manufacturing sector, which fell by 7.5%.
On a monthly basis, producer prices moved up 0.3%, following a 0.6% rise in the prior month.
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