Polish industrial production down 3.1% y/y in September: stats office

Industrial production in Poland fell 3.1 percent in September compared with the same month a year earlier, the country’s statistics office said on Thursday.

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The drop was less severe than expected by analysts, who had forecast industrial production to decrease 3.6 percent last month, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in September was 8.4 percent higher than in August, the Statistics Poland (GUS) agency said.

In September 2023, #SoldProductionOfIndustry was by 3.1% lower than in September 2022,whereas in comparison with August 2023, it increased by 8.4%.https://t.co/5SU9LdF0Nw#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/t3xu5axZaw

— Statistics Poland (@StatPoland) October 19, 2023

Meanwhile, the country's seasonally-adjusted industrial production fell by 0.9 percent in year-on-year terms in September, while increasing 0.9 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 2.1 percent in Poland in August.

(gs)

Source: PAP