Poland Industrial Output Contracts, Producer Price Inflation Slows
Poland's industrial production declined for the first time in thirty-three months in February, while producer price inflation eased further to the lowest level in a year, separate reports from the Central Statistical Office (GUS) revealed on Monday.
Industrial production dropped 1.2% year-on-year in February, reversing a revised 1.8% increase in January.
Among sectors, manufacturing output contracted 0.9% annually in February, and that of electricity, gas, steam, and air conditioning supply dropped 4.7%.
On the other hand, mining and quarrying production expanded 3.5%.
On a monthly basis, industrial output recovered 0.4% from January, when it fell by 3.2%.
In a separate report, GUS revealed that producer price inflation eased to 18.4% in February from 20.1% in the previous month. On a month-on-month basis, producer prices were down 0.4% in February.
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