Economic activity to strongly rebound in Q3: analysts

Sold industrial production in July recorded an increase much higher than market expectations. Economists expect that economic activity in Q3 may be much better than expected.

The scale of GDP decline may be much lower than previously expected, but foreign demand and uncertainty about the scale of pandemic restrictions to be expected in the fall in the country remain unknown.

According to Poland’s Central Statistical Office (GUS), sold production of industrial enterprises increased by 1.1 percent year-on-year in July 2020. In monthly terms, it increased by 3.4 percent. After eliminating the influence of seasonal factors, in July this year sold production of industry was 0.2 percent higher than in the corresponding month of the previous year and 6.2 percent higher than in June this year.

(ISBnews)