Figures show industry bounces back after EU membership slump

Polish industry is slowly returning to its pre-EU accession position. Data from the Polish Official Statistics (GUS) shows output increased 15.7% in June compared to last year's figures. "The results confirm strong economic growth," said BZ WBK bank analyst Piotr Bujak. He explained that May's drop in industrial output was a one-time event, a correction of the boom in April and March. However, Polish companies are losing their advantage of weak złoty and according to some analysts this will harm industrial output over the following months. In related news GUS announced that production in the construction sector decreased 14.2% in June over last year. "Companies begin investments by replacing their production lines and afterwards they will invest in buildings," said Bujak. (Parkiet, p. 8) M.M.