Poland industrial output growth slows, producer prices fall in April

Automotive

Poland’s industrial production rose 2.7% in April year-on-year, the Central Statistical Office said Tuesday. Economists had expected a 3% growth. Manufacturing output increased 2.9%, while production in the mining and quarrying sector was 7.7% higher. Output declined 0.8% in the electricity, gas and steam sector and rose 3% in the water management services sector. Month-on-month, industrial production declined 2.3%. On a seasonally adjusted basis, industrial production dropped 0.3% from a year ago, but rose 0.8% from March. Construction output declined 23.1% annually in April, but rose 8% from the previous month. Separately, the Warsaw-based agency said that producer prices declined 2% annually in April, following a 0.7% drop in the previous month. On a monthly basis, factory-gate prices fell 0.6%.

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