Decline in industrial output softens in June
Industrial output declined 1.4% compared to the same month of the previous year in June, which was above May’s 2.8% decrease. Looking at the details of the release, mining and quarrying output plummeted in June, while manufacturing output declined at a milder pace. Meanwhile, electricity, gas and utilities production also dropped at a milder pace.
On a seasonally adjusted monthly basis, industrial output rebounded, rising 0.7% in June (May: -1.0% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 9.6% in June, down from May’s minus 9.3%.
Poland Industry Chart
Poland Industry Data
|Industrial Production (ann. var. %)||6.0||4.3||-1.0||15.3||10.7|