Polish PM, finance minister welcome positive industrial production data
Poland’s prime minister and finance minister have welcomed the latest positive figures on industrial production in the country.
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Industrial production in Poland rose by 4.7 percent in October compared with the same month a year earlier, the country’s statistics office said on Monday.
The figure significantly outperformed analysts’ consensus forecast, which had predicted a 1.7 percent increase, Poland’s PAP news agency reported.
Prime Minister Donald Tusk wrote on social media: „At last! Analysts predicted a 1.8 percent increase in production for October, but we achieved 4.7 percent growth!”
Referring to troubling economic data from Germany, he added: „This, despite the constantly deteriorating situation in our western neighbour.”
Meanwhile, Finance Minister Andrzej Domański said on X: „Industrial production is up 4.7 percent year-on-year, clearly exceeding analysts’ expectations.”
He added: „Manufacturing grew by a solid 5 percent y/y, with the vast majority of sectors rebounding. We are revving up!”
In month-on-month terms, Polish industrial production in October was 10 percent higher than in September, according to the Statistics Poland (GUS) agency.
The country’s seasonally-adjusted industrial production went up by 3.9 percent in year-on-year terms in October, while increasing 4.6 percent month on month, the state-run statistics office also reported on Monday.
According to the European Union’s Eurostat statistics agency, which uses a different methodology, seasonally-adjusted industrial production fell 1.3 percent in Poland in September, compared with the same month last year.
(gs)
