Polish industrial output beats estimates in September

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Polish industrial output rose faster than expected in September, statistics office data showed on Tuesday, as a recovery in manufacturing boosted a recovery that had shown signs of flattening.

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Oct 20 (Reuters) - Polish industrial output PLIPY=ECI rose faster than expected in September, statistics office data showed on Tuesday, as a recovery in manufacturing boosted a recovery that had shown signs of flattening.

Emerging Europe's largest economy looked to be rebounding strongly after lockdown measures were lifted in May, but much recent data has disappointed while at the same time coronavirus cases have spiked, raising fears of a damaging second wave.

Industrial output rose 5.9% year-on-year, compared to expectations of 3.8% among analysts polled by Reuters.

Manufacturing output grew 7.2% year-on-year, while water supply and sewerage waste management posted an 8.5% increase.

"September this year was much better for Polish industry than July and August, and even the best this year," said Monika Kurtek, chief economist at Bank Pocztowy, adding that going forward prospects were not rosy.

"Unfortunately, the rising second wave of the coronavirus pandemic, not only in Poland but also in the world, much stronger in terms of the number of infections, will again negatively affect industrial production."

Poland's Producer Price Index (PPI) fell 1.6% in September. Analysts polled by Reuters had expected prices to fall by 1.4% year-on-year.

(Reporting by Anna Banacka and Karol Badohal in Gdansk, Anna Wlodarczak-Semczuk in Warsaw; Writing by Alan Charlish; Editing by Andrew Cawthorne)

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