The prices of Poland's sold production of industry in December of 2013 were unchanged on the month. In annual terms, they decreased by 0.9%, according to the data of national stats office GUS. Thus, their drop turned out to be lower than market consensus of 1.0-1.1%. In November, producer price deflation was 1.5% y/y (vs. October's 1.3% y/y, September's 1.4% y/y and August's 1.1% deflation).
In December, the highest annual drop of prices was recorded in mining and quarrying (of 9.7%), of which in mining of metal ores (of 16.8%) as well as in mining of coal and lignite (of 6.9%). The prices were also lower in section electricity, gas, steam and air conditioning supply (of 1.6%). The drop was also recorded in manufacturing (of 0.2%), of which the biggest in printing and reproduction of recorded media (of 2.4%).
In the entire 2013, the prices of sold production of industry dropped by 1.3% y/y (against growth by 3.3% y/y in 2012). The highest drop - of 10.3% - was recorded in mining and quarrying. The prices in manufacturing were lower of0.8%, and in section electricity, gas, steam and air conditioning supply (of 0.6%). The increase of prices was recorded in section water supply; sewerage, waste management and remediation activities (by 1.6%).
The prices of construction and assembly production in December of 2013 were of 1.7% lower in annual terms. The drop was recorded in the prices in construction of buildings (of 2.4%), in civil engineering (of 1.6%) as well as in specialised construction activities (of 0.6%). In the entire 2013, they were of 1.8% lower than in 2012. The drop prices was recorded in the prices in construction of buildings (of 2.7%), in civil engineering (of 1.3%) as well as in specialised construction activities (of 1.1%).