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Poland: ING, industry rebounding less than expected
Production stabilizing after V-shaped recovery
21 September, 11:31
(ANSA) - BELGRADE, 21 SET - The industrial production in
August increased by 1.5% year on year in Poland, below ING's
forecast (3.0% YoY) and below the market consensus (2.8% YoY),
ING Think said today. However, ING noted, the growth was faster
than in July (1.1% YoY). The industrial production growth in
Poland was driven by manufacturing, which grew by 2.0% YoY,
slightly below expectations. Manufacturing accounts for almost
90% of the production in industry, and is the most
export-oriented sector in Poland, ING recalled. "The production
is stabilizing after the V-shaped recovery and August data were
slightly below expectations, but still 3Q20 may be stronger than
though before," ING said. (ANSA).
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