EconMin expects Polish industrial production's growth to remain stable y/y in July
Poland's sold industrial production's growth will probably stabilise in July, according to the ministry of economy's experts. They expect the seasonally-adjusted growth to amount to around 2.0% y/y vs. June's 2.1% y/y.
As compared to June of 2013, an increase in sold production was reported in 20 (out of 34) industry divisions. GUS stressed that in most of them, however, the growth was slower than recorded a month before, which could be associated with weakening sales growth of industrial production for exports.
The ministry's experts pointed to a sizeable growth of furniture sales (by 10.2%) and a decline of coal sales (by 13.5% y/y).
Bank economists expect the indicator to recover shortly from its lower results, as domestic demand continues to strengthen and exports are vulnerable.
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