GUS: industrial output soars

Poland's sold industrial output grew by 8.8 percent year-on-year in March, higher than expected, the Central Statistical Office (GUS) said in a data release on Monday. Market consensus had put the figure at 7.2 percent y/y. In February, industrial production increased by 4.9 percent y/y. The seasonally-adjusted growth stood at 6.0 percent y/y. On a monthly basis, the indicator increased by 28.2 percent, driven largely by a revival in the coal mining industry and seasonal factors (after excluding them, industrial production grew by 0.8 percent m/m). In January-March, sold industrial output rose by 5.3 percent, compared with the corresponding period in 2014 when the indicator grew by 4.9 percent, the office also pointed out.