Polish industrial production up 1.6% y/y in January: stats office

Industrial production in Poland rose 1.6 percent in January compared with the same month a year earlier, the country’s statistics office has said.

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The reading was lower than forecast by analysts, who had expected an increase of 3.1 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in January was 2.3 percent higher than in December, the Statistics Poland (GUS) agency said.

In January 2024, #SoldProductionOfIndustry was by 1.6% higher YoY, whereas in comparison with December 2023, it increased by 2.3%.https://t.co/rsZNoosEv0#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/ciiszxneYl

— Statistics Poland (@StatPoland) February 20, 2024

Meanwhile, the country's seasonally-adjusted industrial production edged up by 0.1 percent in year-on-year terms in January, while decreasing 0.2 percent month on month, the state-run statistics office reported.

Wyższe płace, oczekiwany wzrost produkcji przemysłowej. Ekonomiści skomentowali dane GUS https://t.co/lICrFFazj3

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) February 20, 2024

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production increased by 0.5 percent in Poland in December.

Euro area #IndustrialProduction +2.6% in December 2023 over November, +1.2% over December 2022 https://t.co/PXJvzxHjK8 pic.twitter.com/fAYJOfOvsP

— EU_Eurostat (@EU_Eurostat) February 14, 2024

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Source: PAP