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Market Update: Polish Industrial Output Growth at Record High, in Line with Forecasts
Poland’s industrial production jumped 44.5 percent year-on-year in April of 2021, accelerating from an 18.9 percent rise in the previous month and in line with market expectations. It was the highest gain in industrial activity on record, as output advanced faster for manufacturing (50.6 percent vs 20.9 percent in March); electricity, gas, steam and air conditioning (11.5 percent vs 5.3 percent) and water supply, sewerage waste management (20.1 percent vs 12.2 percent). In addition, mining & quarrying production rebounded (2.3 percent vs -0.6 percent). On a monthly basis, industrial output fell 9.2 percent, down from an 18.6 percent advance in March. source: Central Statistical Office of Poland (GUS) [/s2If]
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