Polish industrial output likely to have grown sluggishly in February

Polish industrial output data for the month of February is set to be released tomorrow. According to an Erste Group Research report, the Polish industrial output is likely to have grown at a rather sluggish rate of 2.3 percent year-on-year in February.

However, market consensus is for a growth of 4.8 percent. The market sentiment and external demand have been showing signs of softening for the last couple of months already.

“Further, construction growth is expected at 4.7 percent y/y, marking a second month in a row of growth below 5 percent and suggesting that economic activity is slowing down”, added Erste Group Research.