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Poland's industrial output growth to have accelerated

Poland's industrial output growth in June was mainly driven by growth in manufacturing (5.4% yoy) and mining (7.9% yoy). PMI increased from 52.4p to 54.3p in June testifying to healthy shape of Polish industry. 

According to Societe Generale, "A positive impact from the calendar effect was expected as we had +1 working day in June, both on a monthly and yearly basis. The industrial output growth is expected to have increased to 6.5% yoy in June from 2.8% in May while in monthly terms growth was likely 3.7%."

 

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