Poland industrial production, producer prices rise in January

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Poland's industrial production rose more than expected in January, data from the Warsaw-based Central Statistical Office (GUS) showed last week.

Industrial production grew 0.9% annually in January. Economists had expected a growth of 0.6%. Manufacturing output rose 0.2% year-on-year in January. Electricity output and water supply gained by 1.6% and 5.6%, respectively.

Meanwhile, mining and quarrying output declined 2.1%. On a monthly basis, industrial output declined 5.1% in January. Producer prices grew 0.7% annually in January, following a 0.1% increase in December. On month, producer prices rose 0.7% in January, following a 0.3% gain in the prior month.

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