Polish industrial production up 29.8% y/y in May: stats office

Industrial production in Poland shot up by 29.8 percent in May compared with the same month a year earlier, the country’s Central Statistical Office (GUS) reported on Monday, adding to hopes of a swift recovery from the coronavirus shock.

Photo:

Photo:PAP/Jan Dzban

The reading was slightly higher than forecast by analysts, who had expected an increase of 29 percent, Poland’s PAP news agency reported.

In month-on-month terms, Polish industrial production in May was 0.8 percent lower than in April, the Central Statistical Office said.

According to the European Union’s Eurostat statistics agency, which uses a different methodology, industrial production in Poland rose by 45.2 percent in April, one of the fastest rates of growth in the 27-nation bloc.

(gs/pk)

Source: PAP

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