Poland: Industrial production growth accelerates in August
September 18, 2020
Industrial output rose 1.5% year-on-year in August, accelerating from July’s 1.1% expansion. August’s result marked the third consecutive positive reading and the strongest increase since February. August’s acceleration was largely driven by faster growth in manufacturing activity. Meanwhile, utilities output swung to contraction and the water supply and waste management sector expanded at a more moderate pace.
Similarly, the trend improved, with the annual average variation of industrial production coming in at minus 1.7% in August, up from July’s minus 2.0% print.