The prices of Poland's sold production of industry in April of 2014 inched down by 0.1% on the month. In annual terms, they decreased by 0.7%, according to the data of national stats office GUS. Thus, their drop turned out to in line with market consensus (also -0.7%).
In March, producer price deflation was 1.3% y/y (vs. February's 1.4%, January's 1.0%, December's 0.9%, November’s 1.5% y/y, October's 1.3% y/y, September's 1.4% y/y and August's 1.1% deflation).
In April, the highest monthly drops of prices were recorded in mining and quarrying (of 0.7%), of which in mining of coal and lignite (of 1.7%), but the growth was recorded in mining of metal ores (by 0.2%). Prices in manufacturing were also lower of 0.1%, in which in manufacture of electrical equipment (of 0.8%).
In annual terms, the drop of prices was recorded in mining and quarrying (of 6.8%) and in manufacturing (of 0.6%). The prices increased in sections: electricity, gas, steam and air conditioning supply as well as in water supply; sewerage, waste management and remediation activities (by 1.1% each).
The prices of construction and assembly production in April of 2014 reached the level similar to the one recorded in the previous month. A drop price was recorded in in civil engineering (of 0.1%), but in construction of buildings as well as in specialised construction activities reached the level similar to the one recorded in the March of 2014.
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more
The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more
The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more