Polish industrial production expected to grow in August

Polish industrial production

Industrial production in Poland is expected to grow around 5 percent in August compared to the same month last year, according to Ministry of Development analysts.

Poland’s Central Statistical Office (GUS) announced that industrial production in July fell 3.4 percent year-on-year and dropped 10.1 percent month-on-month.

Analysts surveyed by the PAP news agency had expected production to rise 1.3 percent year-on-year in July and to fall 5.4 percent month-on-month.

“A difference in the number of working days – two days less compared to July 2015 – had an impact on such a significant decline,” the Ministry of Development said in a statement.

It added that one-off fluctuations should not be interpreted as a significant change in the overall trend.

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