Industrial output up by 5.4% y/y in April
Poland’s industrial output grew by 5.4 percent year-on-year in April, according data published on Tuesday by the Central Statistical Office (GUS). In month-on-month terms it declined by 2.3 percent.
Analysts surveyed by the Polish Press Agency had expected industrial production to grow by 4.9 percent y/y and decline by 2.6 percent m/m in April.
Seasonally adjusted industrial output grew by 5.3 percent y/y and by 0.9 percent m/m, GUS also said. Production in the construction sector grew by 12.2 percent y/y and by 3.2 percent m/m.
The data show that Poland’s economic recovery continues, BZ WBK economists wrote in an e-mailed comment. The “impact of the Russia-Ukraine conflict on domestic economy is still very limited. We expect growth in production to continue in the coming months, supported by both domestic and external demand,” the analysts said.
