Polish industrial production high in spite of lower demand in the EU or maybe because of it

Industrial production numbers which grew by 6.1 percent in January, showed that Poland is bearing up to the economic challenges of slow EU growth, according to the Enterprise Minister, while analysts said that the slowdown is making Polish goods more attractive in foreign markets.

Polish GDP grew nearly “ten times faster than Germany’s” in the final quarter of 2018, according to the Polish Minister of Investment and and Development Jerzy Kwieciński, at the Polish Chamber of Commerce on Thursday. Meanwhile the 6.1 percent growth in figures for industrial production in January after a 7.4 percent increase in December year on year were proof that “production did not follow its negative trend, according to the Enterprise and Technology Minister, Jadwiga Emilewicz.

Poland’s exports in some sectors has grown significantly in some sectors despite the slowdown, according to economist Ignacy Morawski, who gave the example of Poland’s furniture makers and window manufacturers. Their sales to Italy and France, have actually increased, despite the fact that consumption there has been falling.

“Polish goods are being chosen in these markets because they are attractive price-wise, while offering similar quality.” The same pattern has been seen in the automotive parts sector, where sales have grown by 200 percent over the last 10 years.

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