Poland Industrial Production Recovers, Producer Prices Fall Further in Oct

Manufacturing

Image by Pixabay

Poland's industrial production expanded for the first time in nine months in October, while producer prices continued their falling trend, data from the Central Statistical Office (GUS) showed on Tuesday.

Industrial production climbed 1.6% year-on-year in October, reversing a revised 3.3% decrease in September.

Among sectors, output produced in the utility sector grew the most by 17.2% annually in October. Mining and quarrying production advanced 5.7%, while manufacturing output increased only 0.3%. On a monthly basis, industrial output growth eased to 4.1% in October from a downwardly revised 8.2% in September.

In a separate report, the statistical office revealed that producer prices declined 4.1% annually in October, following a 2.7% fall in the prior month. The yearly decline was driven by lower prices in the manufacturing sector, which fell by 7.5%.

On a monthly basis, producer prices moved up 0.3%, following a 0.6% rise in the prior month.

ADVERTISEMENT

MBH Bank Introduces MREL-eligible Bonds on BSE Banking

MBH Bank Introduces MREL-eligible Bonds on BSE

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This 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.