Surprising result of the Polish industry. "It is gearing up"
The PMI for Polish industry rose to 50 points in October, marking the highest level in 18 months. This indicates a stabilization in the industrial sector after 18 months of decline, with exports showing significant improvement. Despite rising costs due to increased raw material prices, companies are cautiously optimistic about future production. Analysts predict a GDP growth of 3.8% year-on-year for 2023, supported by positive PMI data and increased employment rates.