Poland’s industrial production grew less than expected in August, data from Statistics Poland revealed Friday.
Another report showed that producer prices declined at a faster pace in August due to lower cost in manufacturing.
Industrial production advanced 1.5 percent annually versus a 1.5 percent fall in the same period last year. However, this was slower than the expected growth of 2.8 percent.
On a monthly basis, industrial output decreased 5.8 percent in August.
Manufacturing output rose 2 percent, while mining and quarrying output was down 10.7 percent. Electricity output decreased 2.7 percent in August.
Producer prices dropped 1.2 percent annually, following a 0.6 percent in July, the statistical office said in a separate report. Economists had forecast a 1 percent drop.
Prices in manufacturing slid 2.1 percent, while prices in mining and quarrying grew 5.3 percent, and electricity and other utilities gained 2 percent. Water supply, sewerages and waste management prices advanced 5.9 percent.
Month-on-month, producer prices dropped 0.3 percent, offsetting a 0.3 percent rise in July.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx