Industrial production rose in March 11.3 percent, the Central Statistical Office GUS reported. Economists forecast 10.3 percent growth rate.
“The data was stronger than we thought. We expect that GDP growth will amount to 7.8 percent in the first quarter. This is the highest forecast on the market”, Marcin Mrowiec, Bank BPH economist said.
Economists believe that the data will make the Monetary Policy Council raise
the interest rates this month.