FX.co ★ Poland Industrial Output Rebounds, Producer Prices Fall Further

Poland's industrial production saw an unexpected rise in June, following a decline in the previous month, according to reports from Statistics Poland released on Thursday.

In June, industrial production increased by 0.3 percent year-over-year, contrasting a revised 1.6 percent decline in May. Economists had anticipated a 1.3 percent drop for the month.

In sector-specific performance, the utility sector's output grew by 2.9 percent annually in June, while the manufacturing sector experienced a modest increase of 0.1 percent. Conversely, the mining sector witnessed a decrease in production by 2.7 percent.

On a monthly comparison, industrial output rebounded by 3.2 percent in June, recovering from a 4.5 percent fall in May.

In a separate publication, the statistical office indicated that producer prices fell by 6.1 percent annually in June, which is a slower decline compared to the 9.2 percent drop in the previous month.

A significant 15.3 percent reduction in prices in the utility sector largely contributed to the annual decline, with prices in the manufacturing sector decreasing by 5.2 percent.

Month-over-month, producer prices saw a slight increase of 0.1 percent.

Additional data showed that the average gross wages and salaries in the enterprise sector rose by 11.0 percent annually in June, slightly below the anticipated 11.5 percent increase.

Meanwhile, the average paid employment in the enterprise sector decreased by 0.4 percent in June, aligning with expectations.