Industrial output inches up by 0.3% y/y

Poland’s sold industrial production grew by 0.3 percent year-on-year in November, the Central Statistical Office (GUS) said in a data release on Wednesday. In month-on-month terms output fell by 7.5 percent. Economists polled by the Polish Press Agency (PAP) had expected industrial production to inch up by 0.1 percent y/y and decline by 5.5 percent m/m. Production in the construction sector fell by 1.6 percent y/y and by 9.4 percent m/m in November. Producer prices fell by 1.6 percent y/y and by 0.5 percent m/m, GUS also said. Analysts surveyed by PAP had expected the prices to decline by 1.1 percent y/y and by 0.3 percent m/m.