Polish industrial production up 10.9% y/y in August: stats office

Industrial production in Poland rose 10.9 percent in August compared with the same month a year earlier, the country’s statistics office said on Tuesday.

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The reading was higher than forecast by analysts, who had expected an increase of 9.8 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in August was 0.7 percent higher than in July, the Statistics Poland (GUS) agency said.

In August 2022, #SoldproductionofIndustry in #Poland was by 10.9 % higher YoY and as compared to July 2022 it increased by 0.7%. https://t.co/1du5mJh3I1#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/TebGf7Iyit

— Statistics Poland (@StatPoland) September 20, 2022

Meanwhile, the country's seasonally-adjusted industrial production increased by 11.2 percent in year-on-year terms in August, while rising 0.7 percent month on month, the state-run statistics office also said.

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production in Poland rose 10.3 percent in July, the third-fastest rate of growth in the 27-nation bloc.

(gs)

Source: PAP