Business
19:08 27 February 2024
Post by: WBJ

Furniture, electronics and metal industries face weak demand in euro zone in H1 2024

Furniture, electronics and metal industries face weak demand in euro zone in H1 2024
Source: Pixabay

Bank Pekao analysts foresee a downturn for certain Polish export sectors, notably furniture and electrical equipment, as well as the metal industry in the first half of the current year due to weak demand in the Eurozone, particularly in Germany. This is expected to restrain economic growth, estimated to be around 3% y/y in 2024, below its potential. While challenges persist for industries reliant on exports to Western Europe, particularly Germany, brighter prospects are seen for the chemical sector. The report also highlights positive outlooks for tobacco and transportation equipment industries. Overall, sectors producing durable consumer goods may face obstacles due to high interest rates and declining investment activity, but the chemical industry stands out with improving conditions and reduced cost pressures.

Source: inwestycje.pl


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