Key insights
- Poland's industrial output surged in March, exceeding expectations. While positive for the Polish economy, the direct impact on U.S. equities is limited. A stronger European economy could indirectly benefit some U.S. multinationals, but the effect is likely marginal.
Investing.com -- Poland’s industrial output increased 9.4% year-on-year in March, the statistics office reported Tuesday, surpassing analyst expectations of a 4.2% rise.
The March figure marked a significant acceleration from February’s 1.3% year-on-year growth. On a month-on-month basis, industrial output jumped 17.2% in March, compared with a 2.5% increase in February.
Seasonally adjusted industrial output rose 8.8% year-on-year.
The manufacturing sector drove much of the growth, with output climbing 19.7% month-on-month in March after a 3.2% increase in February. Year-on-year, manufacturing output grew 9.1% in March, recovering from flat growth in the previous month.
Mining and quarrying output rose 4.7% month-on-month in March, down from 9.6% in February. The sector posted 21.1% year-on-year growth in March, compared with 19.5% in February.
The electricity, gas, steam and air conditioning sector fell 11% month-on-month in March, following an 8.9% decline in February. Year-on-year, the sector grew 7.4%, down from 12.1% in February.
Water supply, sewerage and waste management output increased 13.7% month-on-month in March after remaining flat in February. The sector grew 9.9% year-on-year in March, up from 2.6% in February.
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