The FINANCIAL — Poland’s industrial output growth was more rapid than expected in June, driven by production of electrical equipment and machinery, according to Nasdaq.
Output rose at an annual rate of 7.6% in June after a 2.8% rise in May, Poland’s statistics office said on July 17, above the 7.2% forecast in The Wall Street Journal survey of 12 bank economists.
Polish producer prices declined at an annual rate of 1.6% in June, the statistics office said. The figure was above a forecast 1.8% decline and compared with a revised 2.1% drop in May.
The office also said retail sales last month rose 3.8% annually, above the 3.5% increase forecast by the analysts.
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