Polish industrial production down 1.4% y/y in June: stats office

Industrial production in Poland fell 1.4 percent in June compared with the same month a year earlier, the country’s statistics office has said.

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The reading was slightly better than expected by analysts, who had forecast industrial production to decrease 1.6 percent last month, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in June was 1.2 percent higher than in May, the Statistics Poland (GUS) agency said on Thursday.

In June 2023, sold production of industry was by 1.4% lower than in June 2022, whereas in comparison with May 2023, it increased by 1.2%.https://t.co/NxxVsfaAAx#StatisticsPoland #statistics #production #industry #SoldProduction pic.twitter.com/pk2TgccJzF

— Statistics Poland (@StatPoland) July 20, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 0.8 percent in year-on-year terms in June, while increasing 0.4 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 3.3 percent in Poland in May.

(gs)

Source: PAP