Industrial production grew 10.9% annually in August, faster than the revised 7.1% increase in July. That was also above the 9.9% growth expected by economists.
Among sectors, mining quarrying output registered a double-digit growth of 22.5%, and output produced in the manufacturing industry was 11.1% higher compared to last year. Electricity, gas, steam and air conditioning supply output and water supply grew 5.1% and 8.2%, respectively.
On a monthly basis, industrial output rebounded 0.7% in August, after falling sharply by 7% in July.
In a separate report, the Warsaw-based statistics agency revealed that producer price inflation remained stable at 25.5% in August.
On a monthly basis, producer prices rose 0.8% versus a 1.3% increase in July. Data also showed that average gross wages and salaries in the enterprise sector increased 12.7% annually in August, but fell 2.9% from a month ago. The average gross Polish monthly wage last month was PLN 6,583.03 (EUR 1,395), according to the statistical office.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
