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22 Aug
13:29

Polish housing construction downtrend could accelerate: ING

Polish housing construction is unlikely to improve this year and the downtrend could even accelerate till year-end, while positive industrial and commercial construction will not be sufficient to offset this, says ING Bank. Polish construction output rose by 1.1% year-on-year in July, significantly below expectations of 2.5%. EU-backed infrastructure projects continue to be the main growth driver, while housing remains a major drag, the bank says in a note se…
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