Poland: Sliding growth in industrial output in November points to a weak Q4
Industrial output rose a timid 1.4% year-on-year in November, following the stronger 3.5% increase recorded in October, according to the Central Statistical Office (GUS). November’s softening largely reflected much slower growth in manufacturing output and a weaker expansion in the utilities sector. On the other hand, the electric and gas utilities sector gained considerable steam, while the mining and quarrying sector swung from a notable contraction to a healthy expansion.
Consequently, annual average growth in industrial output dropped from 4.5% in October to 4.2% in November, marking the weakest record since June 2017.