Polish October industrial output growth beats estimates
Photo by Andrzej Rostek/Shutterstock.com
Poland’s industrial output growth slowed to 3.5% year-on-year in October, down from 5.6% in September, according to the latest data published by the Central Statistical Office (GUS).
Night view of the mineshaft in Katowice, Poland. Photo by Andrzej Rostek/Shutterstock.com
Analysts had expected a growth of 2.6% in October, international newswire Reurers.com said.
Annual output of manufacturing advanced 3.5% (down from 5.7% in September) and output for water supply and sewerage waste management increased by 8.3% (vs 9%).
Meanwhile, output for mining and quarrying production dropped 6.1% (vs 2.2%). On the other hand, electricity, gas, steam and air conditioning supply rose faster by 6.4% (from 3.9%).
On a monthly basis, industrial activity went up 7.8%, following a 10.7% rise in September.
In a separate report the statistical office reported that the construction sector unexpectedly shrank by 4% year-on-year. The market had expected 6.2% growth, the Warsaw-based GUS said on Friday.
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.