Polish industrial production up 6.8% y/y in October: stats office

Industrial production in Poland rose 6.8 percent in October compared with the same month a year earlier, the country’s statistics office said on Tuesday.

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The reading was lower than forecast by analysts, who had expected an increase of 8 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in October was 0.7 percent lower than in September, the Statistics Poland (GUS) agency said.

Produkcja, wynagrodzenia i zatrudnienie w październiku. Znamy najnowsze dane GUS https://t.co/K5JKzUEx4P

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) November 22, 2022

Meanwhile, the country's seasonally-adjusted industrial production increased by 7.5 percent in year-on-year terms in October, while falling 0.3 percent month on month, the state-run statistics office also said.

In October 2022 #production of industry sold was 6.8% higher than in October 2021, when an increase (YoY) of 7.6% was recorded. Compared to September 2022, industrial production sold decreased by 0.7%.https://t.co/kMaRkCDk6x #StatisticsPoland #statistics #industry pic.twitter.com/3dopxDBLvx

— Statistics Poland (@StatPoland) November 22, 2022

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production in Poland rose 10 percent in September, the sixth-fastest rate of growth in the 27-nation bloc.

(gs)

Source: PAP