Economy
15:17 22 May 2020
Post by: WBJ

Economic situation in May more optimistic than April: stats office

Economic situation in May more optimistic than April: stats office
Source: pixabay.com

In May the economic situation is assessed less pessimistically than in April. The index of the general economic climate in May in industry amounted to minus 34.9 points in Poland as against minus 44.2 points in April, Poland’s Central Statistical Office (GUS) announced on May 22.


“The most pessimistic assessments are formulated by those operating in the field of lodging and gastronomy, while the least unfavorable by companies from the information and communication as well as financial and insurance sectors,” GUS stated.


According to GUS, for the May survey – answers collected from May 1-10 – a supplementary module of questions was attached, which aimed to further diagnose the impact of the coronavirus pandemic on the economic situation.


“In the May edition, the question about the expected level of investment in 2020 was replaced by the question about the ‘survival time’ of the company in the event of continuation of current restrictions related to the pandemic,” GUS added.


“In manufacturing, wholesale, transport and storage, directors of enterprises most often indicated the ‘survival time’ of the company over six months, while in construction, retail, as well as lodging and gastronomy from 2 to 3 months. In the lodging and gastronomy sectors, as many as 14.7 percent of units indicated that the company could survive less than one month,” GUS said.


(PAP)

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