Industrial production in the EU in July 2022. Poland on the podium

Industrial production in Poland increased by 10.3 percent. year on year in July – according to Eurostat data. Only Bulgaria and Denmark can boast better results among EU countries.

Eurostat data show that the seasonally-adjusted industrial production in the euro area fell by 2.3% in July. on a monthly basis. In turn, in annual terms, this production fell by 2.4% this month in the euro area and by 0.8%. throughout the European Union.

The data of the EU statistical office provide positive information on industrial production in Poland. This rose by 10.3 percent in July. year on year (compared to June, industrial production increased by 0.9%). In terms of industrial production dynamics, only Bulgaria and Denmark overtook us (an increase of 17.6% year-on-year and 12% year-on-year, respectively).

What gave Poland big industrial production growth?

Compared to other EU countries, we stand out with the increase in coal production – by as much as 49.7 percent. year on year, which – as Business Insider Polska notes – is the result of lignite mining in the mine in Turów, increasing the efficiency of mining in mining, or the sale of coal from heaps that have been shrinking rapidly in recent months. The double-digit growth is also due to the automotive industry (+24.2% year-on-year), basic pharmaceuticals (+23% year-on-year) and the machinery industry (+22.4%).

What influenced Bulgaria’s significant growth? There was also an increase in coal production (in this case by almost 75% year on year), as well as an increase in electricity production (+ 51.8% year on year) and consumer electronics (+50.6% year on year). In turn, Denmark owes the growth, among others, to the basic pharmaceuticals industry (+41.2% year on year).

Huge decline in Ireland

A sharp decline in industrial production was recorded in Ireland (production decreased by as much as 23.7% year on year). This was due to declines in the so-called modern industries. It goes, among others, to the chemical, pharmaceutical, electronic and medical sectors.

Source: Wprost



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