The economy may not be slowing down, but industry is becoming sluggish

"The data is weaker than anticipated," said economists of Bank Handlowy who expected a figure closer to 6.8%. Even if one does not take into account seasonal factors, growth amounted to 8.6%, which is not a bad result, but slightly worse than previously observed. Despite weaker than anticipated industrial output results, economists do not plan to lower their economic growth forecasts. "The rate of GDP growth should stabilize around 4-5%, but more likely closer to lower boundary. Growth above 5% is rather unlikely," said Jacek Wiśniewski from Pekao. At the same time producer prices increased by 7.7% in October, which is more than expected, but less than in September. According to economists this acts in favor of not increasing interest rates. (Parkiet, p. 7) M.M.