Poland's industrial output rose by 4.1% year-on-year in May, exceeding expectations, with strong performance in mining and investment-related industries.

⑴ Poland’s industrial output in May increased by 4.1% year-on-year, higher than analysts’ expectations of 2.8%. Strong performance in the mining sector and rising public investment were the main driving factors. The Polish economy has remained relatively resilient amid regional uncertainty. ⑵ Bank Pekao analysts said the reading reflects robust growth in investment-related sectors such as metals, products from non-metallic mineral raw materials, and transport equipment. Poland’s industry has maintained high resilience to global turbulence largely thanks to domestic growth engines. ING analysts noted that Poland’s investment in the defense sector will continue to support industrial activity. ⑶ ING stated in its report that the relative resilience of domestic industry in the face of shocks to commodities caused by the Hormuz Strait blockade, sluggish German economy, and increasing competitive pressure from China remains a positive factor.