Poland: Industrial production collapses at record pace in April amid lockdown
May 21, 2020
Industrial output crashed an all-time sharp 24.6% year-on-year in April, following the milder 2.3% drop recorded in March, according to the Central Statistical Office (GUS). April’s marked contraction was due to lockdown measures fully entered into force. The dive recorded in April mainly reflected plunging manufacturing activity and a notable fall in mining and quarrying output. Meanwhile, the production of utilities and water supply recorded a slight dip.
Consequently, annual average growth in industrial output fell to 0.2% in April from 3.1% in March, marking the weakest record since August 2013.