Poland: Softer growth in industrial output in October points to a weak start to Q4
Industrial output rose 3.5% year-on-year in October, following the stronger 5.6% jump recorded in September, according to the Central Statistical Office (GUS). October’s softening largely reflected slower growth in manufacturing output and a downturn in the mining and quarrying sector. On the other hand, the electric and gas utilities sector gained steam. That said, within the manufacturing sector, manufacture of computer, electronic and optical products as well as of machinery and equipment recorded strong increases.
Consequently, annual average growth in industrial output dropped from 4.8% in September to 4.5% in October, marking the weakest record since June 2017.