ADVERTISEMENT

Poland industrial production rises in January

Automotive

Photo by Shutterstock.com

Polandʼs industrial production rose unexpectedly in January, and producer price inflation slowed, figures from the Warsaw-based Central Statistical Office (GUS) show.

Photo by Shutterstock.com

Industrial production rose 1.1% year-on-year in January. Economists had expected a 0.1% fall. Manufacturing output rose 1.9% annually in January.

Among the main sectors, production of water supply grew 7.5%. Meanwhile, production of mining and quarrying, and electricity, gas, steam and air conditioning supply declined 10.4% and 4.2%, respectively.

Intermediate goods output increased by 3.1%, and production of durable consumer goods and capital goods rose by 2.0% and 1.0%, respectively. Energy and non-durable consumer goods production decreased by 3.7% and 1.0%, respectively.

On a monthly basis, industrial production gained 4.5% in January. On a seasonally adjusted basis, industrial production rose 3.5% annually in January.

Other data showed that the producer prices rose 0.8% y.0.y. in January, slower than 1% in December. On a month-on-month basis, producer prices edged up 0.1% in January, same as seen in the preceding month, GUS said on February 20.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.