Polish industrial production up 18.9% y/y in March: stats office

Industrial production in Poland rose 18.9 percent in March compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Wednesday, lifting hopes of a swift recovery from the coronavirus slump.

Photo:

PAP/CTK/Radek Petrasek

The reading was higher than forecast by analysts, who had expected an increase of 13.5 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in March was 18.6 percent higher than in February, the Central Statistical Office said.

In March 2021, sold #production of #industry in #Poland increased by 18.9% as compared to March 2020 and was 18.6% higher as compared to February 2021.https://t.co/8dBRmKk3Yi #StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/CSdDy4HmdX

— Statistics Poland (@StatPoland) April 21, 2021

The Polish Prime Minister's Office welcomed the latest figures, saying the country's industry was showing "strong and stable performance" despite the COVID-19 pandemic.

The office also said that the growth of industrial production in Poland in March "exceeded all expectations."

📈Despite #Covid19 pandemic Polish industry shows strong and stable performance. Growth of industrial production for March exceeded all expectations, according to latest @StatPoland data. https://t.co/fVtQ7DSSFI

— Chancellery of the Prime Minister of Poland (@PremierRP_en) April 21, 2021

According to the European Union’s Eurostat statistics agency, which uses a different methodology, industrial production in Poland rose by 4.3 percent in February, the sixth-fastest rate in the 27-nation bloc.

(gs/pk)

Source: PAP