Polish industrial production grows 12.5% y/y in July: Eurostat

Poland's industrial production rose 12.5 percent in July compared with the same month a year earlier, marking one of the fastest rates of growth in the 27-nation European Union, the bloc’s statistics agency has reported as economies emerge from the coronavirus shock.

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As the COVID-19 pandemic relented, Belgium boasted the fastest year-on-year growth in industrial production in the EU in July, at 26.4 percent, followed by Ireland in second place, with 19.2 percent, according to the Eurostat agency.

Among member states for which data were available, Spain reported the smallest year-on-year increase in industrial production in July, at 3.2 percent, while Portugal recorded a 0.1 percent drop, the agency's data showed on Wednesday.

The agency said industrial production in the EU as a whole grew by 8.3 percent in July in year-on-year terms, while the euro area recorded a 7.7 percent increase as the coronavirus ebbed.

Euro area #IndustrialProduction +1.5% in July over June 2021, +7.7% over July 2020 https://t.co/hfecxZWUj5 pic.twitter.com/p9PcwYzlak

— EU_Eurostat (@EU_Eurostat) September 15, 2021

Poland’s Central Statistical Office (GUS), which uses a different methodology, reported last month that Polish industrial production rose 9.8 percent in July compared with the same month a year earlier.

(gs)

Source: PAP, europa.eu/eurostat