Polish industrial production up 4.6% y/y in November: stats office

Industrial production in Poland rose 4.6 percent in November compared with the same month a year earlier, the country’s statistics office said on Tuesday.

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The reading was higher than forecast by analysts, who had expected an increase of 2.5 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in November was 2.9 percent higher than in October, the Statistics Poland (GUS) agency said.

Jakie było przeciętne wynagrodzenie i produkcja w listopadzie? GUS podał dane na ten temat https://t.co/5vQCnDDFkB

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) December 20, 2022

Meanwhile, the country's seasonally-adjusted industrial production increased by 4.4 percent in year-on-year terms in November, while rising 2.7 percent month on month, the state-run statistics office also said.

In November 2022, sold #production of #industry in #Poland was higher by 4.6% YoY and as compared to October 2022 it increased by 2.9%. https://t.co/cjhNj8Pwng#StatisticsPoland #statistics #economy #IndexNumberOfProduction pic.twitter.com/PGVMAGXMXv

— Statistics Poland (@StatPoland) December 20, 2022

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production in Poland rose 7 percent in October, marking the fourth-fastest rate of growth in the 27-nation bloc.

(gs)

Source: PAP