04.2022_Monthly review on industries in Poland
Monthly review of the economic situation in sectors
The Central Statistical Office (GUS) presented a set of data describing in detail the results of individual industries in the period of January-March 2022. In this period, the sold production of industry increased by 16.7% compared to the previous year. In March, production increased by 17.3% y / y. The sold production in construction in the period from January to March this year was higher by 23.3% than in the previous year. In March, construction’s production increased by 27.6% compared to the same period last year.
Employment and wages
According to GUS data on employment and wages in the entire enterprise sector, in the first three months of 2022 employment was 2.3% higher than in the previous year and on average was 6,466K people. Employment in industry increased by 1.3% (average employment in industry in the period January-March 2022 was 2,764K people on average). Employment in the first quarter of this year, compared to the previous year, increased, among others in warehousing and service activities supporting transport (by 18.2%), information and communication (by 10.7%), production of pharmaceutical products (by 9.3%) or accommodation and catering (by 8.6%). The largest declines in employment compared to the previous year were recorded in such industries as, among others: production of leather and leather products (by 11.5%), production of clothing (by 6.2%) or mining of hard coal and lignite (by 6,1%).
The average salary in the enterprise sector in the period from January to March 2022 was PLN 6,338 and was higher than in the corresponding period of the previous year by 11.7%. In the first quarter of 2022, wages increased in almost all industries analyzed by the Central Statistical Office (except for the production of pharmaceutical products, where they decreased by 0.5%). The largest increase in wages was observed in the mining of hard coal and lignite (by 23.2%). In the period of January-March 2022, the highest average level of remuneration was recorded in the following industries: information and communication (PLN 11,143) and mining of hard coal and lignite (PLN 10,768). The lowest salaries were offered in the first quarter in the following industries: production of clothing (PLN 3,978), production of leather and leather goods (PLN 4,162) or accommodation and catering (PLN 4,575)
Production and efficiency
The sold industrial production in the first three months of 2022 turned out to be 16.7% higher than in the previous year (data for March indicate an increase of 17.3% y / y). In the same period, sales in construction increased by 23.3% y / y. The largest increases in production were recorded in the case of, among others the section related to the production and supply of electricity, gas, steam, and hot water (by 42.5%) and coal and lignite mining (by 38.4%). A drop in production occurred in three industries analyzed by the Central Statistical Office: production of leather and leather goods (by 9.3%), production of electrical equipment (by 4.2%) and production of motor vehicles, trailers, and semi-trailers (by 1.9%).
Productivity in industry in January-March this year grew by an average of 15.2%. The highest increases were recorded in the extraction of hard coal and lignite (by 47.4%) and in the section of electricity, gas, steam and hot water generation and supply (by 46.3%). The efficiency of the production of electrical equipment decreased (by 8.6%) and the production of motor vehicles, trailers, and semi-trailers.
Data for the first quarter of this year look - especially in the case of industry - very positively. Despite the problems expected as a result of the aggression on Ukraine, production in March achieved above-standard increases, additionally boosting the result for the entire quarter. In view of the dynamically changing market situation (an example of which may be Russia's decision to suspend gas supplies to Poland), sales development forecasts for individual industries in the coming months are subject to considerable uncertainty.