Polish industrial production down 3.2% y/y in May: stats office

Industrial production in Poland fell 3.2 percent in May compared with the same month a year earlier, the country’s statistics office has said.

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The reading was slightly worse than expected by analysts, who had forecast industrial production to decrease 3 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in May was 4.4 percent higher than in April, the Statistics Poland (GUS) agency said on Wednesday.

In May 2023, sold production of industry was by 3.2% lower than in May 2022, whereas in comparison with April 2023, it increased by 4.4%.https://t.co/yHOowU2tDa#StatisticsPoland #statistics #production #industry #SoldProduction pic.twitter.com/1nS1IrGIZv

— Statistics Poland (@StatPoland) June 21, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 2.4 percent in year-on-year terms in May, while decreasing 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 4.3 percent in Poland in April.

(gs)

Source: PAP