Industrial production drops 3.9% y/y in December 2023

Industrial production in December 2023 decreased by 3.9% y/y and by 9.8% compared to the previous month, as reported by the Central Statistical Office. Analysts surveyed by PAP Business had expected a y/y decrease of 5.6% and a month-on-month decrease of 10.7%. After eliminating the impact of seasonal factors, the December 2023 industrial production was 0.5% lower than in the same month of 2022 and 2.9% higher compared to November 2023. The mining and extraction sector saw a y/y decline of 3.5%, while manufacturing decreased by 5.6% y/y.

The production and supply of electricity, gas, and water increased by 11.4% y/y.

Source: strefainwestorow.pl