Producer prices in Poland drop by 0.7% y/y in April, in line with consensus

By bne IntelliNews May 21, 2014

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.

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