Finance
22:37 1 June 2020
Post by: WBJ

Appreciation of zloty against euro and dollar to continue: experts

Appreciation of zloty against euro and dollar to continue: experts
Source: PeakPX

In June the appreciation of the zloty against the euro and the dollar from the last days of May will persist, the analysts of the Polish Economic Institute (PIE) predict. They also expect an increase in sales of fuels, clothing as well as furniture and home electronics and household appliances on a monthly basis.

As experts pointed out, April was the first month in which the scale of the pandemic was fully revealed in industrial production in the form of nearly 25 percent of decline. 

"In May, we forecast a slight upward rebound in production as a consequence of gradual defrosting of the economy and its external environment," the report reads. 

PIE reminded that in May we received information about the negative results of the Polish economy for April. In industrial production, the largest decreases were recorded in industries in which international trade has a large share – the automotive industry and the production of furniture and clothing. For example, in the automotive sector, the value of sold production was 80 percent lower than last April.

According to PIE, April descends should set minimums, after which the situation will gradually improve. 

(PAP

pie
euro
dollar
zloty

More News

lifestyle

LifeStyle
20 days ago

Domoteka launches new coworking space

LifeStyle
22 days ago

The slowest exhibition of Polish designers in the outdoor version!

LifeStyle
1 month ago

Market for Polish wines developing rapidly

LifeStyle
1 month ago

25 ways to increase employee engagement: workshops

Book of Lists

Book of Lists
3 months ago

25th jubilee edition of Book of Lists – project start

advertisement