Eurostat: Poland Second In EU For Industrial Growth In 25 Years

This was the result of investments in production.

According to Eurostat data published on July 23, Poland ranked second in the European Union in terms of industrial production growth since 2000 - the average annual growth was 4.9%. The leader was Ireland with 5.6%, but analysts note that its results depended significantly on fluctuations in the conjuncture, reports Polskie Radio.

On average in the EU, industry grew by 0.6% per year. Steady growth above 4% was also observed in Lithuania, Estonia and Slovakia.

Eurostat emphasizes that growth in Poland has been stable and reflects the long-term structural strengthening of the economy. This was the result of investment in manufacturing, export-oriented growth and integration with intra-EU supply chains.

The largest declines were in Italy (-1.1%) and Portugal (-0.9%). Spain, France, Greece and Luxembourg also saw a decline in production.

In the last 25 years, pharmaceuticals, electrical equipment, vehicles and computers have been the most dynamic industries in the EU. The extractive industry in the EU has almost halved.

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