Industrial output increases by 4.3% y/y in September

Industrial output grew by 4.3 percent year-on-year in September, by 6.0 percent month-on-month, statistics office GUS said in a statement. Analysts polled by PAP expected industrial output to increase by 5.4 percent y/y and by 7.2 percent m/m. After eliminating seasonal factors, industrial production was 6.9 percent higher than in the corresponding month of 2016 and lower by 1.2 percent than in August.