Polish industrial production down 2.7% y/y in July: stats office

Industrial production in Poland fell 2.7 percent in July compared with the same month a year earlier, the country’s statistics office has said.

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The reading was worse than expected by analysts, who had forecast industrial production to decrease 0.8 percent last month, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in July was 8.5 percent lower than in June, the Statistics Poland (GUS) agency said on Monday.

In July 2023, #SoldProductionofIndustry was by 2.7% lower than in July 2022, whereas in comparison with June 2023, it decreased by 8.5%.https://t.co/a77yBOLtaP#StatisticsPoland #statistics #production #industry #SoldProduction pic.twitter.com/Hu2s3T0aIX

— Statistics Poland (@StatPoland) August 21, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 2 percent in year-on-year terms in July, 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 1.4 percent in Poland in June.

(gs)

Source: PAP