Industry continues its see-saw growth, while the construction sector plunges

Sales of industrial goods rose 5.8% in August as compared to a year earlier, but the construction sector declined by 3% over the same period. The results of the industry are 5.1% worse than those of July and analysts' expectations. Industrial output has grown by 7.1% since January. Processing companies had the best results, recording a growth of 7.1% in August and 8.5% since the beginning of the year. The mining sector is noticeably worse off, with sales down 8.4% in August and 5.1% over the last eight months. Economists agree that the economy is accelerating and some of them have even increased their GDP growth forecasts. "We estimate that the economy will increase by 3.8% in Q3 and by 3.4% for the whole year," said Janusz Jankowiak, the chief economist at BRE Bank Group. (Rzeczpospolita, p. B2) M.M.