ING: Polish economy resists slowdown in Europe

The Central Statistical Office (GUS) data on May production show that the Polish economy resists a slowdown in Europe and the recession of the industrial sector in Germany, ING economists said. GUS reported on Friday that industrial output in May increased by 7.7 percent y/y and has not changed compared to April. Prices increased in annual terms by 1.4 percent, and in monthly terms by 0.2 percent.

In the current quarter, economists also expect relatively high investment dynamics: about 8.5 percent year-on-year.