Industrial output declines in August

Poland’s industrial output declined by 1.9 percent year-on-year in August, the Central Statistical Office (GUS) said in a data release on Wednesday. In month-on-month terms output fell by 8.5 percent. Analysts surveyed by the Polish Press Agency had expected production to grow by 0.5 percent y/y and to contract by 5.6 percent m/m. Seasonally adjusted industrial production grew by 0.7 percent y/y and declined by 1.2 percent m/m, GUS also said. The output of the construction sector rose by 2.8 percent y/y but declined by 3.7 percent m/m.