Poland: Industrial output growth picks up pace in February
Industrial output increased 2.7% compared to the same month of the previous year in February, which followed January’s 0.7% increase. Looking at the details of the release, manufacturing output as well as electricity, gas and utilities production expanded at a faster clip compared to the previous month. That said, mining and quarrying production dived in February.
On a seasonally-adjusted monthly basis, industrial production rose at a softer pace of 0.4% in February (January: +1.4% mom), the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in February, down from January’s minus 1.0% reading.