Poland Industrial Output Falls in September
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Poland's industrial output slipped by 3.1% year-on-year in September, accelerating from a downwardly revised 1.9% decrease in the prior month, figures from the Central Statistical Office (GUS) showed on Thursday.
It marks the 8th consecutive month of contraction in industrial activity, amid weak performance in 3 out of 4 sub-activities, especially manufacturing (-3.7% vs -2% in July). Output also declined, albeit at a slower pace, for mining & quarrying (-0.6% vs -7.6%) and water supply & sewerage waste management (-0.9% vs -3.5%).
On the other hand, production increased for electricity, gas, steam & air conditioning (+3.7% vs +2.2%). On a monthly basis, industrial production plunged by 8.4% in September, after an upwardly revised 1.2% increase in the previous month.
Separate data from the statistics agency showed also, that producer prices in dropped an annual 2.8% in September, following an upwardly revised 2.9% decline in August.
On month, the pro ducer price index (PPI) rose by 0.3% in September, following a 0.1% slip in August.
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