Analysts surprised by year-on-year industrial output jump to 13.5% in June

Industrial output rose by 13.5% year-on-year in June and 1.3% more than May said the Central Statistical Office (GUS). Analysts, who were expecting the growth to stay around 8-10% were surprised by the data. Experts believe the figure is a result of the recent growth in foreign demand for Polish products. The assumption is supported by the highest level of growth registered by the processing industry, where the output in June alone increased 13.9% year-on-year. Twenty-five out of 29 sectors registered growth and the leaders included gas refining, transportation and paper sectors. The worst performers included tobacco, fur and clothes production sectors. GUS adds, the producer price inflation increased 8.8% in June from 7.9% in May. (Prawo i Gospodarka, page 1,2) P.S.