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Financial News: Poland's Industrial Output Rises; PPI Inflation Accelerate

Poland's Industrial Output Rises; PPI Inflation Accelerates

10/18/2017 - 08:24:00 (RTTNews)

(RTTNews) - Poland's industrial production expanded in September and producer prices climbed at a faster pace, figures from the Central Statistical Office showed Wednesday.

Industrial production climbed 6 percent on month in September, but slower than the expected 6.8 percent expansion.

Manufacturing output grew 7.7 percent, while mining and quarrying output fell 1.3 percent and electricity, gas, steam and air conditioning supply plunged 11.2 percent.

Year-on-year, industrial production advanced 4.3 percent compared to the expected increase of 5.2 percent.

Another report from the statistical office showed that producer price inflation rose to 3.1 percent in September from 3 percent in August. The annual rate matched economists' expectations.

On a monthly basis, producer price inflation held steady at 0.4 percent.

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