Poland industrial production rises, producer prices jump in March
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.
ADVERTISEMENT
Varga Augurs Return to Growth in H2 2023
Gov't Extends Deposit Rate Cap Till Year-end
Scope Changes Outlook on Magyar Telekom Rating to Positive
Esztergom Guest Nights up 15% in July
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.
