Poland's industrial production increased faster than economists expected in July, data released by the statistical office showed Monday.
Industrial production increased 5.2 percent on an annual basis in July, faster than the 4 percent gain economists had forecast.
Production in the manufacturing sector climbed 5.8 percent annually during the month, while mining and quarrying production decreased 3.3 percent. Production and supply of electricity, gas, steam and hot water were higher by 3 percent compared to last year.
Month-on-month, industrial output decreased 2.3 percent during the month, while economists were looking for a 3 percent fall. In the January-July period, production advanced 4.1 percent from the corresponding period a year earlier, data showed.
The agency said production in the Polish construction sector decreased 8.8 percent from last year in July. Compared to June, construction output fell by 7.1 percent.
by RTT Staff Writer
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