Poland's industrial production down 24.6 pct y/y in April - stats office

Rafał Guz/PAP

Poland's industrial output fell by 24.6 percent year on year in April 2020, after a 2.3 percent decrease year on year in March, the Central Statistical Office (GUS) said on Thursday.

Month on month, industrial production fell by 25.5 percent in April after a 2.3 increase in March.

Economists polled by PAP expected April's industrial output to shrink by 10.0 percent year on year and by 11.2 percent month on month.

April's seasonally adjusted industrial production index dropped by 24.7 percent year on year and by 20.8 percent month on month, GUS added.

Industrial production prices went down 1.3 percent year on year in April and by 0.3 percent month on month, GUS reported.

According to economists surveyed by PAP, producer prices were expected to go down by 1.2 percent year on year and by 0.3 percent month on month.