GUS: Industrial output up 5.3%; retail sales down 0.3% y/y

 Poland’s industrial production grew by 5.3 percent year-on-year in August, the Central Statistical Office (GUS) said in a data release on Thursday. On a monthly basis, output declined by 7.1 percent. The seasonally-adjusted growth stood at 3.6 percent y/y. GUS also said that the volume of retail sales in Poland dropped by 0.3 percent year-on-year in August. In month-on-month terms, retail trade recorded a decrease of 2.6 percent.