Polish industrial production up 7.9% y/y in April: stats office

Industrial production in Poland increased 7.9 percent in April compared with the same month a year earlier, the country’s statistics office said on Wednesday.

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The reading surpassed a forecast by analysts, who had expected an increase of 6 percent, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in April was 2.2 percent lower than in March, the Statistics Poland (GUS) agency said.

In April 2024, #SoldProductionOfIndustry was by 7.9% higher YoY, whereas in comparison with February 2024, it decreased by 2.2%.https://t.co/RFv3GssIF0#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/KXPcXiJInC

— Statistics Poland (@StatPoland) May 22, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 4.4 percent in year-on-year terms in April, while increasing 7 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 3.1 percent in Poland in March compared with the same month last year.

(gs)

Source: PAP