Poland Industrial Output Falls, Producer Prices Decline Further in March
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Poland's industrial production decreased at the fastest pace in ten months in March, while producer prices continued their steep falling trend, data from the Warsaw-based Central Statistical Office (GUS) showed on Monday.
Industrial production dropped 6% year-on-year in March, reversing a 3.3% rise in February. Among sectors, output produced in the mining and quarrying segment plunged by 13.1% annually in March, and that of the manufacturing sector contracted by 6.3%.
On the other hand, production in the utility sector advanced by 0.1%.
On a monthly basis, industrial output growth was 3.6% in March versus a 0.7% gain in February.
In a separate report, the statistical office revealed that producer prices declined 9.6% annually in March, following a 10% slump in the prior month. On month, producer prices edged up 0.1%.
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