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Poland Industry June 2020

Poland: Industrial production surprises on the upside in June

Industrial output rose 0.5% year-on-year in June, contrasting the 17.0% collapse recorded in May and beating market expectations of a 6.95 contraction. June’s turnaround reflected a bounce back in manufacturing activity and in water supply, as well as a softer decline in mining and quarrying output. On the other hand, the production of utilities fell at a sharper pace than in May.

Meanwhile, the annual average variation in industrial output came in at minus 1.6% in June from May’s minus 1.8%, which had marked the weakest print since December 2009.

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