Poland Industrial Output Growth At 22-Month Low, Producer Price Inflation Eases Slightly

Poland's industrial production expanded at the slowest pace in nearly two years in December, as growth in both the manufacturing and mining sectors moderated along with a sharp decline in utility output, figures from Statistics Poland revealed on Monday.

Separate official data revealed that producer price inflation remained high in December even though it slightly decreased to a 9-month low.

Industrial production rose 1.0 percent annually in December, much slower than the 4.6 percent increase in November. Production has been rising since June 2020.

Further, the latest rate of increase was the slowest since January 2021, when production had grown only 0.7 percent.

Among sectors, manufacturing output advanced 6.1 percent from last year, but the pace of growth moderated from 9.2 percent in November. Similarly, mining and quarrying output expanded at a slower pace of 0.6 percent versus a 4.5 percent gain registered a month earlier.