Polish industrial production down 1.2% y/y in February: stats office

Industrial production in Poland fell 1.2 percent in February compared with the same month a year earlier, the country’s statistics office has said.

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The reading disappointed analysts, who had expected industrial production to increase 1.1 percent rather than fall, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in February was 0.4 percent lower than in January, the Statistics Poland (GUS) agency said on Monday.

Meanwhile, the country's seasonally-adjusted industrial production fell by 1 percent in year-on-year terms in February, while increasing 0.9 percent month on month, the state-run statistics office reported.

In February 2023, #SoldProductionofIndustry in #Poland was by 1.2 % lower YoY and as compared to January 2023 it increased by 0.4 %. https://t.co/VqB8qhIb3n#StatisticsPoland #statistics #IndexNumberOfProduction pic.twitter.com/v87TtTJsfZ

— Statistics Poland (@StatPoland) March 20, 2023

According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production rose 0.3 percent in Poland in January.

(gs)

Source: PAP