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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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