Polish industrial production up 0.3% y/y in June: stats office

Industrial production in Poland increased 0.3 percent in June compared with the same month a year earlier, the country’s statistics office has said.

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The reading was better than forecast by analysts, who had expected industrial production to decrease 1.1 percent last month, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in June was 3.2 percent higher than in May, the Statistics Poland (GUS) agency said on Thursday.

In June 2024, #SoldProductionOfIndustry was by 0.3% higher than a year before. After eliminating the seasonal factors an increase of 1,8% was noted.https://t.co/DND4PbDP7H#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/16jRsBzOR4

— Statistics Poland (@StatPoland) July 18, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 1.8 percent in year-on-year terms in June, while increasing 1.3 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 fell by 0.4 percent in Poland in May, compared with the same month last year.

(gs)

Source: PAP