Polish industrial production up 1.6% y/y in October: stats office

Industrial production in Poland rose 1.6 percent in October compared with the same month a year earlier, the country’s statistics office said on Tuesday.

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The reading was lower than forecast by analysts, who had expected an increase of 1.9 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in October was 4.1 percent higher than in September, the Statistics Poland (GUS) agency said.

In October 2023, #SoldProductionOfIndustry was by 1.6% higher than in October 2022,whereas in comparison with September 2023, it increased by 4.1%.https://t.co/wezkS1PDVo#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/1h3oYCgTKT

— Statistics Poland (@StatPoland) November 21, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 0.8 percent in year-on-year terms in October, while decreasing 0.1 percent month on month, the state-run statistics office reported.

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production decreased by 0.9 percent in Poland in September.

(gs)

Source: PAP