Polish industrial production down 1.7% y/y in May: stats office

Industrial production in Poland decreased 1.7 percent in May compared with the same month a year earlier, the country’s statistics office said on Thursday.

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The reading disappointed analysts, who had expected industrial production to increase 1.5 percent last month, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in May was 4.6 percent lower than in April, the Statistics Poland (GUS) agency said.

In May 2024, #SoldProductionOfIndustry was by 1.7% lower YoY, whereas in comparison with April 2024, it decreased by 4,6%.https://t.co/q4Q1FvsOZQ#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/KuPvGr7t8J

— Statistics Poland (@StatPoland) June 20, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 0.7 percent in year-on-year terms in May, while increasing 2.1 percent month on month, the state-run statistics office reported.

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production increased by 6.7 percent in Poland in April compared with the same month last year.

(gs)

Source: PAP