Polish industrial production down 2.9% y/y in March: stats office

Industrial production in Poland fell 2.9 percent in March compared with the same month a year earlier, the country’s statistics office has said.

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The reading disappointed analysts, who had expected industrial production to decrease by no more than 1.8 percent, Poland’s PAP news agency reported.

Sprzedaż detaliczna i produkcja przemysłowa w marcu. GUS podał najnowsze dane https://t.co/Q2UqXGtVH1

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) April 24, 2023

In month-on-month terms, Polish industrial production in March was 14.1 percent higher than in February, the Statistics Poland (GUS) agency said on Monday.

Meanwhile, the country's seasonally-adjusted industrial production fell by 2.1 percent in year-on-year terms in March, while decreasing 1 percent month on month, the state-run statistics office reported.

In March 2023, #SoldProductionofIndustry in #Poland was by 2.9 % lower YoY and as compared to January 2023 it increased by 14.1 %.https://t.co/oqWMGkQgmZ#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/dZPvxG5WQf

— Statistics Poland (@StatPoland) April 24, 2023

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production decreased by 1.2 percent in Poland in February.

(gs)

Source: PAP