Polish industrial production slows in June
Poland's industrial production grew 18.4% annually in June, following 29.8% increase in the previous month, data from the Central Statistical Office (GUS) showed on Tuesday.
Manufacturing output rose 19.4% yearly in June. Electricity output and water supply gained by 14.8% and 13.3%, respectively.
Meanwhile, mining and quarrying output declined 1.9%. On a monthly basis, industrial output grew 4.0% in June. In a separate statement the Warsaw-based agency said, producer prices grew 7.0% annually in June, following a 6.6% increase in May. Prices in mining and quarrying grew 19.3% and prices in manufacturing rise 6.9%.
Prices for electricity, gas supply, steam and hot, and water supply, sewerage and waste management costs increased by 3.5% and 3.6%, respectively. On month-on-month comparison basis, producer prices rose 0.7% in June, after a 0.9% gain in the prior month.
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.