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Financial News: Poland Industrial Production Growth, Producer Prices Infla

Poland Industrial Production Growth, Producer Prices Inflation Slows In August

09/19/2018 - 08:26:00 (RTTNews)

(RTTNews) - Poland's industrial production growth slowed sharply in August, after a surge in the previous month, figures from the statistical office showed Wednesday.

Separate data from the statistical office showed that producer prices also grew at a slower pace in August.

Industrial production grew 5 percent year-on-year following a 10.3 percent increase in July. The slower pace of growth was in line with economists' expectations.

Compared to the previous month, production rose 0.8 percent in August following a 5.4 percent decline in July. Economists had forecast 1.20 percent growth.

Excluding the effect of seasonal factors, industrial production rose 5 percent year-on-year and grew 0.5 percent from the previous month.

Construction output jumped 20 percent year-on-year in August after an 18.7 percent growth in July.

Producer prices rose 3 percent year-on-year in August following a 3.4 percent increase in July. Economists had forecast 2.90 percent inflation.

On a month-on-month basis, producer prices were unchanged in August after a 0.1 percent increase in July. Economists had expected a 0.1 percent fall.

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