Analysts upbeat after output figures come in higher than expected

"There are signs of an improvement in the industry and the whole economy," said Urban Górski, an economist with Bank Millennium. The largest growth was noted in the production of medical equipment, machines, rubber and metal products as well as the production of foodstuffs and beverages. According to analysts, data concerning production in the building industry, which in June this year grew by 29.9% in comparison with June 2004, provides reasons for optimism since it may indicate an investment revival. Economists have already increased their estimations concerning GDP growth in Q2 this year. Rafał Benecki from ING Bank Śląski expects economic growth in Q2 to amount to 2.7-2.8%. "It is slightly better than in Q1 because we had a very poor April. But data for June show that we have overcome the decrease," said Benecki. (Parkiet, p. 7) E.B.