Industrial production up across the EU. Disturbing data from Poland

Across the European Union, industrial production rose by 0.7% in April. on a monthly basis and 0.1 percent. on an annual basis – reported Eurostat. On the other hand, in Poland production fell in April by 1.2% and 1.2% respectively. and 4.3 percent

Industrial production in the EU. Eurostat has provided the data

The data shows that the best results for: Ireland (+22.5% y/y), Malta (+14.3%) and Denmark (+12.2%), and the worst: Estonia (-15. 1% y/y), the Netherlands (-12.8%) and Bulgaria (-12.5%)

In April 2023, compared to the previous month, the production of capital goods increased by 14.7 percent, and energy by 1 percent. In turn, the production of intermediate goods fell by 1 percent, durable consumer goods fell by 2.6 percent, and non-durable consumer goods fell by 3.0 percent. In the European Union, according to Eurostat, the production of capital goods increased by 12.1% and energy by 0.3%, while the production of intermediate goods decreased by 1.0% and durable consumer goods and non-durable consumer goods by 0.3%. 2.2 percent

Industrial production in Poland fell sharply. It’s worse than expected

The Central Statistical Office reported at the end of May that industrial production in Poland fell by 6.4 percent in April. year on year (the market forecasted a decline of 3.5%). On a monthly basis, compared to March this year, production shrank by 14.8 percent. In the period January-April 2023, the sold production of industry was 1.9 percent higher than in the previous year. lower than the year before. “Among the main industrial groupings, in April this year a significant decrease was recorded in the production of energy-related goods – by 14.5%, durable consumer goods – by 13.5%, intermediate goods – by 10.8% and non-durable consumer goods – by 5.3 percent. Production of capital goods increased – by 7.2 percent.” – reported the Central Statistical Office.