GUS reports 2003 was a year of economic recovery

He added that all macroeconomic data presented by the Office proved that this trend should further strengthen. Toczyński supported the opinion of economists attributing economic acceleration to industry and foreign trade, but also pointed at improving results of companies resulting from more efficient use of production capacity and gradual recovery of investments. However, for the year as a whole enterprises spent 0.9% less on purchasing equipment than in 2002, but the drop was smaller than a 2001. Despite this, demand began to positively affect the whole economy thanks to individual consumption, which increased 3.1% in 2003. (Parkiet, p. 5) M.M.