Polish industrial production up 3.3% y/y in February: stats office

Industrial production in Poland rose 3.3 percent in February compared with the same month a year earlier, the country’s statistics office said on Wednesday.

Pixabay License

Image by Gerd Altmann from Pixabay

The reading was higher than forecast by analysts, who had expected an increase of 2.6 percent, Poland’s PAP news agency reported.

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

In February 2024, #SoldProductionOfIndustry was by 3.3% higher YoY, whereas in comparison with January 2024, it increased by 0.7%.https://t.co/Ck9owtG2by#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/iBox4hBDG6

— Statistics Poland (@StatPoland) March 20, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 1.1 percent in year-on-year terms in February, while decreasing 0.1 percent month on month, the state-run statistics office reported.

"Polski przemysł podnosi się ze stagnacji". Eksperci komentują dane GUS https://t.co/bTcBeht3nE

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

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production increased by 0.6 percent in Poland in January compared with the same month last year.

(gs)

Source: PAP