Key events in EMEA and Latam
A quiet week ahead in EMEA and Latam. The highlight is Polish industrial production growth, which we expect to be strong
Poland: Industrial production growth likely to be strong
We expect solid industrial production growth in December (8.2% year-on-year), outperforming market forecasts (6%). Calendar effects are supportive this month. Also, recent export numbers still show good external demand in the fourth quarter. Domestic spending should be boosted by Christmas-related consumption. Meanwhile, labour market data should show weaker wage growth (5.9% YoY) in December compared with the previous quarter (3Q). In January, we expect the minimum wage hike to add approximately 1.5 percentage points to the headline figure, but the overall trend is rather negative.
EMEA and Latam Economic Calendar
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17 January 2020
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