Polish Development Ministry expects production to drop 15 pc in May

The Polish Development Ministry expects industrial production to go down by around 15 percent year on year in May 2020, according to a ministry statement on Thursday. "The forecast for May strongly depends on the pace of restoring production in individual sectors, especially in the automotive sector, which in April accounted for one-third of the recorded decline. Under the announced scenarios for the return to production in May, we can expect a decline in production to 15 percent," the ministry said. The Central Statistical Office (GUS) reported earlier on Thursday that Poland's industrial output fell by 24.6 percent year on year in April 2020, after a 2.3 percent decrease year on year in March.