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

Industrial production in Poland declined by 1.5 percent in November compared with the same month a year earlier, the country’s statistics office said on Thursday.

Pixabay License

Image by Yerson Retamal from Pixabay

The figure disappointed analysts, who had predicted a 0.2 percent drop in their consensus forecast, Poland's PAP news agency reported.

In month-on-month terms, Polish industrial production in November was 5.4 percent lower than in October, the Statistics Poland (GUS) agency said.

Produkcja przemysłowa spadła w listopadzie o 1.5%r/r, gorzej od prognoz (-0.2%). Dane pozbawione wahań sezonowych wskazują na małą poprawę aktywności w listopadzie (+1.1%r.r). Najlepiej radzą sobie producenci trwałych dóbr konsumpcyjnych (+2.8%r/r), najgorzej dobra inwestycyjne… pic.twitter.com/Gk9JuVzwwC

— Polski Instytut Ekonomiczny (@PIE_NET_PL) December 19, 2024

Meanwhile, the country's seasonally-adjusted industrial production went up by 1.1 percent in year-on-year terms in November, while decreasing 2.8 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 3 percent in October compared with the same month last year.

(gs)

Source: PAP