Poland Industrial Output Falls in April
Image by Pixabay
Poland's industrial production declined for the second straight month in April and at the steepest pace in almost three years, while producer price inflation eased further to the lowest level in nearly two years, reports from the Central Statistical Office (GUS) revealed on Monday.
Industrial production dropped 6.4% year-on-year in April, which was worse than the 3% decrease in March. This was the fastest decline since May 2020, when production plunged 16.9%.
Among sectors, mining and quarrying output contracted 11.7% annually in April, and that of electricity, gas, steam, and air conditioning supply dropped 14.3%. Mining and quarrying production fell by 5.6%.
On a monthly basis, industrial output slumped 14.8% in April after rebounding sharply by 13.9% in the prior month.
In a separate report, the Warsaw-based agency revealed that producer price inflation moderated to 6.8% in April from 10.3% in the previous month.
On a month-on-month basis, producer prices were down 0.6% at the start of the second quarter.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
