Thursday, August 20, 2020

Poland: Industrial production is a positive surprise. Second month in a row in the black

KPRM (Office of Prime Monister) /

Everything seems to indicate that the biggest slump in the industry is behind it and the situation is stabilizing.  After the massive slump in industrial production in Poland in March and April, when it was even a quarter lower than a year earlier, there was a clear rebound. For the second month in a row, production is higher than last year's. This is a positive surprise as the forecasts were pessimistic.

Even if the slight annual growth continues for longer, it will be cause for satisfaction. Poland may not come back to the several percent increases from the pre-epidemic period soon. For example, a year ago, the statistics showed an increase in production by nearly 10 percent.