Polish industrial production up 4.7% y/y in October: stats office

Industrial production in Poland rose by 4.7 percent in October compared with the same month a year earlier, the country’s statistics office said on Monday.

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The figure significantly outperformed analysts' consensus forecast, which had predicted a 1.7 percent increase, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in October was 10 percent higher than in September, the Statistics Poland (GUS) agency said.

In October 2024. #IndustryProductionSold was 4.7% higher than a year ago. Excluding the impact of seasonal factors, growth was 3.9% y/y.https://t.co/oRI910EySx#GUS #statistics #production #economy #industry #ProductionDynamics pic.twitter.com/onN0AM5KvY

— Statistics Poland (@StatPoland) November 25, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 3.9 percent in year-on-year terms in October, while increasing 4.6 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 fell 1.3 percent in Poland in September, compared with the same month last year.

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Source: PAP