Polish industrial production up 15% y/y in May: stats office

Industrial production in Poland rose 15 percent in May compared with the same month a year earlier, the country’s Central Statistical Office (GUS) said on Tuesday.

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EPA/CLAUDIO PERI

The reading was lower than forecast by analysts, who had expected an increase of 16.7 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in May was 1.4 percent higher than in April, the Central Statistical Office said.

Meanwhile, the country's seasonally-adjusted industrial production increased by 11.9 percent in year-on-year terms in May, while falling 1.7 percent month on month, the state-run statistics agency also said.

In May 2022, sold #production of #industry in #Poland was higher by 15.0 % YoY, and as compared to April 2022 it increased by 1.4 %. https://t.co/Tk6An3Z9mb#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/kEJ6msemXS

— Statistics Poland (@StatPoland) June 21, 2022

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production in Poland rose 15.8 percent in April, the fourth-fastest rate of growth in the 27-nation bloc.

(gs)

Source: PAP