Polish industrial production down 6.4% y/y in April: stats office

Industrial production in Poland fell 6.4 percent in April 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 3.5 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in April was 14.8 percent lower than in March, the Statistics Poland (GUS) agency said on Monday.

In April 2023, #SoldProductionofIndustry in #Poland was by 6.4% lower (YoY) and as compared to March 2023 it decreased by 14.8%.https://t.co/ac934nRakK#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/qbzj73FX0G

— Statistics Poland (@StatPoland) May 22, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 3.4 percent in year-on-year terms in April, while decreasing 1.6 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 2.9 percent in Poland in March.

(gs)

Source: PAP