Optimistic data regarding Polish industry - orders increased by 5.5 percent
27.02.2020
According to the Polish Central Statistical Office (GUS), in January 2020 industrial new orders increased by 5.5% compared to the same period last year. At the same time, export orders increased by 8.8%. Compared to December 2019, industrial new orders rose by 19.5%, including export orders that surged by 19.4%. The data indicate that the sentiment in Polish industry is recovering.
After January's industrial output growth of 1.1% y/y (vs. market expectations of a 0.1% decline), in February industrial output is expected to accelerate to 2.5% y/y.
photo: KPRM