Poland’s industrial production fell 6% year on year at constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22. The reading fell well short of the consensus, which expected a milder contraction of 2.2% y/y. Analysts say that the sharp fall occurred because March had two working days fewer this year and the typically less active Easter period. A much lower production in coal segment – which fell nearly 26% y/y – also contributed to the poor headline result. That has analysts convinced that the contraction…