European Economic News

Poland Industrial Output Growth Below Forecast, Producer Prices Fall Further

Poland's industrial production grew less-than-expected in April, data released by the Central Statistical Office showed Tuesday.

Industrial production rose 2.7 percent year-on-year, while economists had expected 3 percent growth. Manufacturing output increased 2.9 percent, while production in the mining and quarrying sector was 7.7 percent higher.

Output declined 0.8 percent in the electricity, gas and steam sector and rose 3 percent in the water management services sector.

Month-on-month, industrial production declined 2.3 percent in April. Economists were looking for a 1.7 percent fall.

On a seasonally adjusted basis, industrial production dropped 0.3 percent from a year ago, but rose 0.8 percent from March.

Construction output declined 23.1 percent annually in April, but rose 8 percent from the previous month.

Separately, the agency reported that producer prices declined 2 percent annually in April, following a 0.7 percent drop in the previous month. Economists had forecast a 1.5 percent decrease.

On a monthly basis, factory-gate prices fell 0.6 percent in April, after a 0.3 percent fall in March. Economists had expected a 0.2 percent decline.

by RTTNews Staff Writer

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