Poland: Industrial output records slowest expansion since June 2020 in January
Industrial output expanded 0.9% year-on-year in January (December: +11.1% yoy), marking the weakest expansion since June 2020. January’s result was largely driven by falling mining and quarrying output. In addition, manufacturing production lost steam.
On a monthly basis, industrial production rose 1.7% in seasonally-adjusted terms in January, rebounding from December’s 4.4% fall. Meanwhile, annual average variation of industrial production was 1.0% in January, mirroring December’s result.