Industrial production in March 2025 increased by 2.5 percent in an annual basis, and compared to the previous month by 8.6 percent – the Central Statistical Office said.
After eliminating the impact of seasonal factors, in March the production sold the industry was at the level of 3.8 percent. higher than in the same month last year and 0.7 percent lower than in the previous month.
Analysts surveyed by PAP Biznes expected production increase by 3.6 percent. RDR and growth in a month to month by 9.7 percent.
Growth in nineteen departments, a decline in fifteen
According to preliminary data in March this year. The increase in production sold (at fixed prices), compared to March of the year, was recorded in 19 (out of 34) industry departments, including in repair, maintenance and installation of machines and devices – by 23.5 percent, in metal production – by 21.3 percent, wood products, cork, straw and wicker – by 13.3 percent, metal products – by 10.8 percent, products from other mineral non -metallic raw materials – 10.2 %, car vehicles, trailers and semi -trailers – by 9.1 %, computers, electronic and optical products – by 6.4 percent, machines and devices – by 6.0 percent
The decrease in the production of the industry sold, compared to March of last year, appeared in 15 departments, including In the production of tobacco products – by 10.6 percent, electrical devices – by 6.0 percent, drinks – by 2.0 percent
Data from construction
In turn, construction and assembly production in March fell by 1.1 yaws, and MDM increased by 17.6 percent. Analysts surveyed by PAP Biznes expected an increase in construction and assembly production by 5.6 percent. RDR and growth in a month to month by 26.0 percent.
Comments
“Spring (the first data for March) did not bring good news. The industry was still in stagnation (this is the fourth year …), the anticipated reflection in investments/construction in the light of the latest data moves away in time” – commented Economists of Pekao.
“In March, industry production only 2.5%y/ri is from a very low reference base in the Mar -25. Production perspectives still uncertain due to the risk of global trading. ING.
“While industrial production recorded an increase of 2.5% y/y, a decrease in construction production by 1.1% y/y clearly dismantled with consensus. The recovery in the construction vs. Q4 by q4, but its rather moderate tempo” – wrote analysts from mBank.
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