Industrial manufacturing down 2.9% y/y in March, up 14.1% m/m

The production sold by industrial companies decreased by 2.9% year-on-year in March 2023, while there was a monthly increase of 14.1%, according to the Polish Central Statistical Office (GUS). In the first quarter of 2023, the production sold by the industry was 0.6% lower compared to the same period in 2022, which recorded an increase of 16%. After eliminating seasonal factors, the production sold in March 2023 was 2.5% lower than in March 2022 and 1% lower than in February 2023. The production of energy-related goods fell by 20.7% YoY in March, while the production of investment goods increased by 20.7%.

Source: ISBnews