Industrial production growth higher than expected

The volume of industrial output in Poland grew by 4.2 percent year-on-year in September 2014, according to data published by the Central Statistical Office (GUS) on Friday. In month-on-month terms industrial production grew by 16.5 percent. Analysts surveyed by the Polish Press Agency had expected industrial production to grow by 2.6 percent y/y and 14 percent m/m. Seasonally adjusted industrial production growth was 1.9 percent y/y and 1 percent m/m, GUS said. Production in the construction sector grew by 5.6 percent y/y and by 19.8 percent m/m.