Poland sees biggest wood products output increase in July

Posted on August 26, 2024   |  

Poland’s industrial output in July was weaker than expected due to drops in sectors linked to the German automotive industry.

Industrial production rose 4.9% year-on-year in July, missing the 7.3% forecast and improving from June’s stagnant figures.

Manufacturing output increased by 5.0% year-on-year in July, recovering from a -0.1% decline in June.

Mining output grew by 2.3% year-on-year in July, up from a -2.6% drop in June.

The biggest production increases were in wood products (+21.0% YoY), furniture (+14.5% YoY), and paper products (+13.9% YoY).

The largest declines were in electrical equipment (including EV batteries, -18.7% YoY) and motor vehicles (including trailers and semi-trailers, -9.1% YoY), due to weak export performance.

Producer price inflation (PPI) fell by 4.8% year-on-year in July, better than June’s 5.8% decline.

Price changes in July included a 3.9% drop in manufacturing, a 4.0% fall in mining, a 12.8% decrease in power generation, and a 3.8% rise in water supply and waste management.