Polish industrial production down 1.5% y/y in August: stats office

Industrial production in Poland decreased by 1.5 percent in August compared with the same month a year earlier, the country’s statistics office has said.

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The reading came in worse than expected as analysts had predicted a 0.4 percent decline in industrial production last month, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in August was 5.2 percent lower than in July, the Statistics Poland (GUS) agency said.

In August 2024, #SoldProductionOfIndustry was by 1.5% lower than a year before. After eliminating the seasonal factors an increase of 0.6% was noted.https://t.co/dql7vBWlTy#StatisticsPoland #statistics #production #economy #industry pic.twitter.com/dKGa0BPL5s

— Statistics Poland (@StatPoland) September 19, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 0.6 percent in year-on-year terms in August, while decreasing 0.8 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 1.3 percent in Poland in July, compared with the same month last year.

(gs)

Source: PAP