In Q1 2,061 of Poland's 8,124 industrial firms which employ 50 or more workers were in deficit situations, according to data from Poland's Central Statistical Office.

This was an improvement on the same period last year when 77 more firms were in the red, reports Dziennik Gazeta Prawna.

“This is thanks to a strong first quarter, during which time industrial growth was still close to 5 percent,” says Rafał Benecki, chief economist at ING Bank Śląski.

Poland A.M.