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Financial News: Poland Industrial Output Growth Tops Expectations; PPI Inf

Poland Industrial Output Growth Tops Expectations; PPI Inflation Accelerates

09/19/2017 - 08:18:00 (RTTNews)

(RTTNews) - Poland's industrial production grew more than forecast in August and producer price inflation accelerated, data from the Central Statistical Office revealed Tuesday.

Industrial production increased 8.8 percent year-on-year in August, faster than the expected growth of 5.9 percent.

The annual growth was underpinned by an 8.6 percent rise in manufacturing and 23.3 percent surge in electricity and other utilities output. Meanwhile, mining and quarrying production declined by 5.6 percent.

Monthly increase in industrial output came in at 5.9 percent, which was also bigger than economists' forecast of 3.2 percent.

Another report from the statistical office showed that producer price inflation accelerated to 3 percent in August from 2.2 percent in July. Prices were forecast to rise 2.9 percent.

Month-on-month, producer prices gained 0.4 percent after rising 0.3 percent in July.

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