Economic outlook not so great according to Central Statistical Office

According to the latest report from the Central Statistical Office, the general economic outlook is worse than in September, although less pessimistic than a year ago. The forecasts for demand and production, as well as the financial state of companies in the processing and construction sectors, are worse than last month. This is the first time in seven months that the economic outlook for the construction industry has been negative, with lower results than in October last year. Retail trade was also negatively affected by the general economic slump, with lower results than last month and a year ago. Metallurgical, automobile and non-ferrous production sectors recorded the worst overall results. The generally pessimistic situation was more fortunate for the textile industry and the household appliances sectors, which noticed considerable growth and higher overall results compared to last month. (Prawo i Gospodarka, p. 8) P.W.