Record month for Polish industry

TO GO WITH AFP STORY BY Mary SibierskiASeptember proved to be the most productive month in Polish industry in recent decades, according to figures released by Eurostat.

The official statistics office of the EU confirmed on Wednesday that industrial companies in Poland produced goods to the value of 101.6 billion zloty (24.2 billion euro) in September. The figure marks a 5.6 percent increase compared with the same month in 2012, where as in August, the year on year rise was by 2.9 percent.

Tomasz Kaczor, chief economist at the state-owned Bank of the National Economy (BGK), told the Puls Biznesu daily that “Polish industry is rapidly coming out of the crisis,” a development  that is “gradually reaching the entire economy.”

He also noted that the economic problems of other EU countries had influenced Poland’s upturn. “The strength of Polish industry is partly due to the weakness of Greece, Spain and other similar countries,” he argued. “Some foreign companies, seeing the scale of the trouble in these countries, moved their orders to Poland, where the situation is stable and prices are lower,” he said.

Source: Polskie Radio - nh

http://www.thenews.pl/1/12/Artykul/152867,Record-month-for-Polish-industry