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Poland – Industry disappoints with mere 4.6% y/y in Feb

Name: 20/03/2012. Erste Group: Poland – Industry disappoints with mere 4.6% y/y in Feb
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

20/03/2012 | Erste Group

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Polish industry surprised on the downside in Feb, the weakening is however consistent with fall of PMI observed earlier. We likely see the impact of the stronger zloty and consequently stronger transmission of easing external demand. The data might help to cool the hawks in the MPC, but the Council will want to see a confirmation of a trend break before reacting actively.

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