Polish industrial production up 44.5% y/y in April: stats office

Industrial production in Poland shot up by 44.5 percent in April compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Monday, lifting hopes of a swift recovery from the coronavirus downturn.

Photo:

PAP/Jan Dzban

The reading was slightly lower than forecast by analysts, who had expected an increase of 45 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in April was 9.2 percent lower than in March, the Central Statistical Office said.

In April 2021, sold #production of #industry in #Poland increased by 44.5% as compared to April 2020. Compared to March 2021 decreased by 9.2%.https://t.co/tLC9T8GBQU#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/3W7t6FcGDq

— Statistics Poland (@StatPoland) May 24, 2021

According to the European Union’s Eurostat statistics agency, which uses a different methodology, industrial production in Poland rose by 16.3 percent in March, one of the fastest rates of growth in the 27-nation bloc.

(gs)

Source: PAP