GUS: y/y Industrial output up by 2.3%, retail sales up by 1.6%

Poland’s sold industrial production grew by 2.3 percent year-on-year in April, the Central Statistical Office (GUS) said in a data release on Wednesday. On a monthly basis, output declined by 8.8 percent. Analysts polled by Polish Press Agency had expected industrial production to grow by 5.5 percent y/y and decline by 4.9 percent m/m. Retail sales increased by 1.5 percent y/y and diminished by 2.6 percent m/m.