Monthly review of the economic situation in industries in Poland-02.2022

The economic situation in industries

The Central Statistical Office G(US) presented data describing in detail the results of individual industries in January 2022

The sold production of industry was 19.2% higher than in the previous year, and the sold production in construction increased by 20.8% y / y.

Employment and wages

In January 2022, employment in the entire enterprise sector was 2.3% higher than in the previous year and was an average 6 460 K people. Average employment in industry increased by 1.4% and was 2,763 K people.

The highest increase in employment in January this year was recorded in the warehousing industry and service activities supporting transport - by 18.1%. Employment increases above 5% were visible in such industries as: information and communication (by 10.2%); production of pharmaceutical products (by 9.9%); accommodation and gastronomy (by 8.7%); waste management, recovery of raw materials (by 5.6%) and production of electrical devices (by 5.1%). The largest decrease in employment in annual terms was recorded in the leather and leather goods industry (by 10.7%).

The average salary in the enterprise sector in January 2022 was PLN 6,064 and was higher than the year before by 9.5%. An increase in wages was recorded in almost all industries analyzed by the Central Statistical Office (except for printing, with a decline of 3.1%). The highest ranking was the accommodation and catering industry, which recorded an increase of 16.8%.

In terms of the level of average wages and salaries, in January 2022 the information and communication were the best, with the result of PLN 10,356. The lowest salaries were received by employees in the production of clothing (PLN 3,847) and the production of leather and leather goods (PLN 4,186).

Production and efficiency

The sold industrial production in January 2022 turned out to be 19.2% higher than the year before. In the same period, the sold production in construction increased by 20.8% y / y.

Production increased in all industries. The highest increases were recorded in: production and supply of electricity, gas and water (by 51.6%), production of other transport equipment (by 40.2%). The weakest increase was in the production of electrical equipment (by 0.2%) and the production of leather and leather goods (by 0.3%).

Productivity in industry in January this year increased by an average of 17.6%. All industrial sectors - apart from the production of electrical products (decrease by 4.7%) - recorded productivity increases in annual terms. The efficiency in the entire section related to electricity, gas and water production and supply increased the most (by 55.6%). A high increase was also recorded, among others, in: coal mining (by 44.1%).

The beginning of the year - especially in industry and construction - turned out to be surprisingly good for Polish companies. In the case of construction, however, it is worth remembering that last year, in the same period, companies struggled with unfavorable weather conditions.

While in the February data we can expect further positive information from, for example, industry, the situation in the coming months is questionable due to the economic effects of the Russian aggression on Ukraine. 

Full report: Monthly review of economic situation in industries 28.02.2022.pdf