Polish industry's Dec sold production 3.9% lower YoY, 9.8% lower MoM

Sold production of industry is the value expressed in current basic prices, excluding value added tax, excise tax and including the value of received subsidies on products (goods and services).

In the January-December 2023 period, the figure was 1.5 per cent lower YoY. The corresponding period in 2022 saw a rise of 10.2 per cent YoY, an official release said.

After eliminating seasonal factors, sold production of the industry in December last year 0.5 per cent lower YoY and 2.9 per cent higher MoM.

Among the main industrial groupings, there was a 16.2-per cent YoY decrease in the production of durable consumer goods and a drop of 3.3 per cent YoY in the production of non-durable consumer goods.

A 3.7-per cent YoY increase was observed in the production of capital goods and a 2.2-per cent rise in energy was seen during the month.

Fibre2Fashion News Desk (DS)