Polish industrial production up in July: stats office

Industrial production in Poland rose 1.1 percent in July compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Thursday, adding to hopes of a brisk recovery from the coronavirus crisis.

In month-on-month terms, Polish industrial production in July was 3.4 percent higher than in June, according to the Central Statistical Office.

Photo: PAP/Tytus Żmijewski

As the economy emerges from the COVID-19 shutdown, the figure was better than forecast by analysts, who had expected a drop of 2 percent amid the coronavirus pandemic, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in July increased by 3.4 percent compared with June, according to the Central Statistical Office.

In July 2020, sold #production of #industry in #Poland increased by 1.1% as compared to July 2019 and was by 3.4% higher compared to June 2020. https://t.co/7dH0ygpBHS#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/vrB2daHTwH

— Statistics Poland (@StatPoland) August 20, 2020

The latest batch of economic data came after the state-run statistics agency reported on Wednesday that employment in Polish companies dropped by 2.3 percent in July on average in year-on-year terms.

The Polish labour minister has said that some 5 million jobs have been saved around the country thanks to measures including a massive relief and stimulus package that aims to shield the economy from the coronavirus.

The Polish economy contracted 8.2 percent in the second quarter of this year, according to a flash estimate released by the Central Statistical Office earlier this month.

(gs/pk)

Source: PAP