Polish industrial production down 6% y/y in March: stats office

Industrial production in Poland fell 6 percent in March compared with the same month a year earlier, the country’s statistics office said on Monday.

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The reading surprised analysts, who had expected an increase of 1.5 percent, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in March was 3.6 percent higher than in February, the Statistics Poland (GUS) agency said.

In March 2024, #SoldProductionOfIndustry was by 6.0% lower YoY, whereas in comparison with February 2024, it increased by 3.6%.https://t.co/nbw0ZaxVO4#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/ImF02UrrmX

— Statistics Poland (@StatPoland) April 22, 2024

Meanwhile, the country's seasonally-adjusted industrial production went down by 3.9 percent in year-on-year terms in March, while decreasing 5.5 percent month on month, the state-run statistics office reported.

Produkcja przemysłowa w marcu. Są nowe dane GUS#PAPinformacjehttps://t.co/S25NWphAj7

— PAP (@PAPinformacje) April 22, 2024

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production increased by increased by 1.2 percent in Poland in February compared with the same month last year.

(gs)

Source: PAP