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Poland Industrial production April 2024

Poland: Industrial output grows at fastest pace since September 2022 in April

Industrial output expanded 7.9% year on year in April (March: -5.6% yoy). The print marked the best reading since September 2022. Looking at the details of the release, April’s rebound was broad-based, with the mining and quarrying, manufacturing, and electricity, gas and utilities sub-sectors all gaining steam.

On a monthly basis, industrial production rose 7.0% in seasonally adjusted terms in April, rebounding from March’s 5.2% fall and marked the best result since June 2020. Meanwhile, the trend improved sizably, with the annual average variation of industrial production coming in at minus 4.8%, up from March’s minus 7.3% reading.

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