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Industrial production in May in Poland – data from the Central Statistical Office

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Industrial production in May 2023 decreased year-on-year by 3.2 percent, and compared to the previous month it increased by 4.4 percent, the Central Statistical Office reported.

Analysts polled by PAP Biznes expected a decline in production in May by 3.0 percent. y/y and an increase of 5.1 percent. mdm.

After eliminating the influence of seasonal factors, in May this year sold production of industry was at the level of 2.4 percent. lower than in the same month last year and by 1.0 percent. lower than in April.

Comments of economists

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“The industry is still in reverse gear: -3.2% y/y in May, but the reflection is overshadowed by the relatively weak result of manufacturing. Weak foreign demand, unfavorable phase of the inventory cycle, frozen real estate market: so far there is no factor that could move this locomotive” – ​​we read in the commentary of Bank Pekao analysts.

Main photo source: Shutterstock

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