16:57 23 June 2025
GUS: May ‘25, industry gains, job market and housing under pressure
In May 2025, Poland’s economy showed mixed signals. Industrial production rose 3.9% y/y but declined 2.0% m/m. Manufacturing and water-related sectors performed strongly, while construction saw annual declines (-2.9% y/y) despite monthly growth (+8.6% m/m). Producer prices dropped 1.5% y/y, driven by a sharp fall in mining prices, signaling low cost pressure.
The housing market weakened notably—housing starts fell 6.4% y/y, completions 1.4% y/y, and permits 26.3% y/y. Employment dropped 0.8% y/y, while wages rose 8.4% to PLN 8,670.51, slightly below expectations. Agriculture stood out positively, with a 15% y/y rise in procurement prices. Overall, while industry and wages are recovering, weakening employment and housing suggest uncertainty in the broader economy.
(pb.pl)
