Poland: Industrial production gains steam in March
Latest reading: Industrial production was up 9.4% in annual terms in March, following a 1.3% increase in the previous month. March’s reading was the strongest since September 2022 and overshot market estimates.
Relative to the previous month’s data, readings in March improved for mining and quarrying (+21.1% in annual terms vs +19.5% in February) and manufacturing (+9.1% vs 0.0% in February). In contrast, the reading for electricity, gas and utilities softened in March (+7.4% vs +12.1% in February).
On a seasonally adjusted month-on-month basis, industrial production increased 7.0% in March, following a 0.5% increase in the prior month.