Poland: Growth in industrial output jumps in October
November 20, 2017
According to the Central Statistical Office (GUS), industrial production jumped to an over seven-year high of 12.3% in October from the same month last year, accelerating notably from September’s 4.3% expansion. Driving the result were increases recorded by the manufacturing and the electricity, gas, steam and air conditioning sub-sectors. Particularly strong growth was recorded in the manufacture of machinery and equipment, textiles, basic metals and metal products. Mining and quarrying output, on the other hand, once again contracted.
Annual average industrial output came in at 5.9% in October, rising from 4.8% in September and marking the best reading in over five years and a half.