Industrial production in March 2023 fell by 2.9 percent year on year, and compared to the previous month it increased by 14.1 percent, the Central Statistical Office (GUS) reported. – The contraction of industrial production is the result of the economic weakening in the country and the euro zone – commented analysts of the Polish Economic Institute.
Analysts polled by PAP Biznes expected a decline in production by 1.8 percent. yoy and an increase of 15.2 percent. mdm.
After eliminating the influence of seasonal factors, sold production of industry in March was at the level of 2.5 percent. lower than in the same month last year and by 1.0 percent. lower than in February.
Expert comments
“In the industry, the image known from recent months – repeated declines in annual terms in the case of mining and energy. This does not mean, however, that processing remains strong. “- mBank analysts commented on Twitter.
Analysts of the Polish Economic Institute wrote on Twitter that “the contraction of industrial production is the result of economic weakness in the country and euro area“Anemic results are also observed in other countries of the region or euro area countries” – added.
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