Poland’s manufacturing sector expanded by 6.3 percent year-on-year in January, setting a two-year high, according to fresh report from Poland’s National Statistical Office (GUS). The sector had been stagnating until December, when it posted a 5.2-percent jump. “This recent data shows that the Polish manufacturing sector is speeding up, which disproved earlier forecasts, anticipating a slowdown for the sector in the fourth quarter of 2013, to be unjustified,” says Aleksandra Świątkowska of BOŚ bank.
While exports continue to drive the Polish economy, it’s the improvement seen in the eurozone that have really boosted the country’s manufacturing sector, said Krystian Jaworski of Credit Agricole. “Poland’s recovering manufacturing sector isn’t creating inflationary pressure yet, with producers’ prices raising just 0.9 percent in January, compared with the same month in 2012,” Jaworski said.
