19:12 20 September 2023
Sold industrial production drops 2% y/y in August, PPI down 2.8% y/y
In August 2023, industrial production in Poland fell by 2.0% compared to August 2022, where there was a 10.9% increase compared to the same period in 2021. Production also increased by 1.0% compared to July. Over the period from January to August 2023, industrial production was 1.9% lower compared to the same period in 2022. After eliminating seasonal factors, industrial production in August was still 1.8% lower than in August 2022 but 0.6% higher than in July.
Among the main industrial groups,
there was a year-on-year decline in the production of intermediate goods
by 7.8%, consumer durable goods by 6.4%, energy-related goods by 4.4%,
and a slight decrease in non-durable consumer goods by 0.9%.
However, the production of investment goods increased by 10.5%. Producer prices (PPI) decreased by 2.8% year-on-year in August, while they increased by 0.1% compared to July. Prices in construction and assembly production increased by 9.8% year-on-year and 0.8% compared to July 2023.
Source: wnp.pl
