Poland industrial production rises, producer prices jump in March

Figures

Poland's industrial production grew 18.9% annually in March, figures from the Central Statistical Office (GUS) showed on Wednesday.

Economists had expected a growth of 13.1%. Manufacturing output rose 20.9% yearly in March. Electricity output and water supply gained by 5.3% and 12.2%, respectively.

Meanwhile, mining and quarrying output declined 0.6%. On a monthly basis, industrial output grew 18.6% in March. On a seasonally adjusted basis, industrial output increased 15.7% in March.

Data showed that producer prices in Poland jumped an annual 3.9% in March, following an upwardly revised 2.2% growth in the prior month. Producer inflation quickened across all sectors: mining and quarrying (23.3%); manufacturing (3.3%), water supply (2.3%) and electricity, gas, steam (3.5%). On a monthly basis, producer prices rose 1.3%, after an upwardly revised 1.0% increase in the prior month. 

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