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Poland Industrial production March 2023

Poland: Industrial output drops at sharpest rate since May 2020 in March

Industrial output dropped 2.9% compared to the same month of the previous year in March, which followed February’s 1.0% decrease. The outturn marked the worst reading since May 2020. The notable deterioration was largely due to contractions in mining and quarrying and electricity, gas and utilities production.

On a monthly basis, factory output decreased 1.1% in seasonally adjusted terms in March, contrasting February’s 0.9% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 9.7%, down from February’s minus 8.6% reading.

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