Polish industrial production up 4.9% y/y in July: stats office

Industrial production in Poland increased 4.9 percent in July compared with the same month a year earlier, the country’s statistics office has said.

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The reading was less upbeat than forecast by analysts, who had expected industrial production to increase 7.5 percent last month, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in July was 3.3 percent lower than in June, the Statistics Poland (GUS) agency said on Wednesday.

In July 2024, #SoldProductionOfIndustry was by 4.9% higher than a year before. After eliminating the seasonal factors an increase of 2.2% was noted.https://t.co/5BGY4jgduO#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/ehBSSc7SJw

— Statistics Poland (@StatPoland) August 21, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 2.2 percent in year-on-year terms in July, while decreasing 0.2 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 rose by 1.1 percent in Poland in June, compared with the same month last year.

(gs)

Source: PAP