Poland's industry is growing again

Polish industry is showing the first signs of recovery. Following a decline at the beginning of the year, production rose again slightly in February - exceeding analysts' expectations. Industrial production increased by 1.5% year-on-year, returning to positive territory. Seasonally adjusted figures also show moderate momentum. The mining and utilities sectors in particular provided strong impetus, while other industrial sectors remained mixed Economists expect the cautious upward trend to continue. Improved weather conditions should provide additional support for production. At the same time, the outlook for the future remains subdued: the effects of rising energy prices could only become more noticeable in the coming months. The latest data will not change the monetary policy stance for the time being. In view of stable labor markets and ongoing uncertainties - particularly due to the situation in the Middle East - the Polish central bank is likely to maintain its wait-and-see approach. The environment remains fragile: fluctuating energy markets and geopolitical risks could put the brakes on the economic recovery at any time - and also call into question the growth forecasts for the coming years. The post Poland's industry picks up again appeared first on ostwirtschaft.de.