Poland’s industrial production growth exceeded expectations in July, while producer prices fell more than forecast, data showed Wednesday.
Industrial production grew 2.3 percent year-on-year in July, data from the Central Statistical Office showed. The growth exceeded the 1.8 percent rise forecast by economists.
On a monthly basis, overall production advanced 2 percent, which was also faster than the expectations of 1.7 percent.
Manufacturing rose 2.3 percent and mining and quarrying by 2.6 percent. Meanwhile, production of electricity, gas, steam and air conditioning slid 0.6 percent.
Another report showed that statistical office showed that producer prices fell 2 percent in July from last year. Economists had forecast a 1.8 percent fall. On a monthly basis, prices remained flat, confounding expectations for a 0.1 percent rise.
The material has been provided by InstaForex Company – www.instaforex.com