Producer prices will boost inflation, production outcomes better than forecast

Industrial production in October 2021 increased by 7.8%. yoy, and compared to the previous month it increased by 2.3 percent. – reported the Central Statistical Office.

Analysts surveyed by PAP Biznes expected an increase in production in October by 5.2% y / y, and a decrease of 0.6% m / m.

Seasonally adjusted industrial production in October increased by 9.8% y / y, and m / m increased by 2.0%.

The following industrial production results in October and September 2021:

Industrial production prices in October 2021 increased by 11.8% y / y, and rose by 1.8% in monthly terms. – reported the Central Statistical Office.

In a survey conducted by PAP Biznes, economists forecasted that producer prices in October grew by 10.8% in annual terms, and rose by 1.1% in monthly terms.

Below is a table with details:

In the opinion of economists announced before the GUS communiqué, PPI inflation, the highest in 20 years, was to increase further, reaching 10.8%. yy.

In November, in most areas, business climate indicators are lower than in October, the Central Statistical Office reported.

The economic situation was assessed best and positively by entities from the financial and insurance activities as well as information and communication, while the most pessimistic – by entities from the accommodation and catering section.

INDUSTRIAL PROCESSING

In November, the general economic climate indicator is at the level of minus 10.5 – lower than that recorded in October (minus 6.3).

CONSTRUCTION

In November, the general economic climate indicator is at the level of minus 11.9 – lower than that recorded in October (minus 9.4).

WHOLESALE TRADE

In November, the general economic climate indicator is at the level of plus 0.1 – lower than a month ago (plus 2.6).

THE RETAIL TRADE

In November, the general economic climate indicator is at the level of minus 3.4 – lower than in October (minus 1.2).

TRANSPORT AND WAREHOUSE MANAGEMENT

In November, the general economic climate indicator is at the level of plus 2.2 – similar to that recorded last month (plus 2.7).

ACCOMMODATION AND GASTRONOMY

The general business climate index in November is at the level of minus 17.0 against minus 12.3 a month ago. Entities operating in the field of accommodation formulate more unfavorable assessments of the economic situation (minus 20.8) than catering units (minus 14.3).

INFORMATION AND COMMUNICATION

In November, the general economic climate indicator is at the level of plus 13.9 – lower than a month ago (plus 16.8).

FINANCE AND INSURANCE

The general economic climate index in November is at the level of plus 15.1 – higher than that recorded in October (plus 13.3).

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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