The FINANCIAL — Poland’s growth of industrial output and retail sales were weaker than expected in July, the statistics office said on August 19, according to Nasdaq.
Output rose at an annual rate of 3.8% compared with 7.6% in June. It was below the 4.3% forecast in a Wall Street Journal survey of bank economists.
Producer prices declined at an annual rate of 1.7% in July compared with a revised 1.4% decline in June. The first reading in June showed a decline of 1.6%.
The office also said retail sales last month rose 1.2% annually, somewhat short of the 3% increase forecast by the analysts.