Polish industrial production up 7.8% y/y in October: stats office

Industrial production in Poland rose 7.8 percent in October compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Monday, as the economy bounces back from the coronavirus crisis.

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The reading was higher than forecast by analysts, who had expected an increase of 5.2 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in October was 2.3 percent higher than in September, the Central Statistical Office said.

In October 2021, sold production of industry was by 7.8% higher than in October 2020, when an increase (YoY) was recorded by 1.0%. In comparison with September 2021 sold production of industry increased by 2.3%.https://t.co/YblQkHhnha#StatisticsPoland #statistics #industry pic.twitter.com/F2XrZoohCr

— Statistics Poland (@StatPoland) November 22, 2021

According to the European Union’s Eurostat statistics agency, which uses a different methodology, industrial production in Poland rose 8.7 percent in September, one of the fastest rates of growth in the 27-nation bloc.

(gs)

Source: PAP