CEE & CCA Week Ahead: Polish Industry And Labour Market Data, Czech Producer Prices In Focus

By Adam Antoniak and David Havrlant of ING Think

Economic and Financial Analysis • Aug 15, 2026 at 2:15 AM EDT

Poland's industrial output and labor data headline next week's CEE calendar as cooling wages help contain inflation.

Polish industrial output, wages and PPI data will be in focus next week, alongside Czech producer prices

Poland: Industrial momentum to remain steady as labour market cools

Thursday brings July industrial output growth. In the absence of any calendar effects, with July 2026 having the same number of working days as in 2025, and with no significant one-off factors identified, we expect it to have remained moderate. Industrial activity has been performing somewhat better than at the start of the year and should continue to gain momentum as investment growth accelerates and projects financed under the Recovery and Resilience Facility (RRF) move into full implementation.

PPI inflation is likely to have risen to 2.0% year-on-year. While producer prices were broadly unchanged from June, a favourable base effect is expected to have pushed up the annual rate.

We will also get July labour market data on Thursday. We still expect moderate wage growth, probably below 6% YoY, to be accompanied by a further decline in employment in the enterprise sector. The cooling labour market and the absence of significant wage pressures are among the factors helping to keep underlying inflation contained, despite the increase in petrol and diesel prices resulting from tensions in the Middle East.

In our view, softer labour market conditions should continue to limit the pass-through of higher energy costs into broader consumer prices, thereby preventing a more persistent build-up of inflationary pressures across the economy.

Czech Republic: Producer prices set to rise on higher input costs

On Monday, July producer prices are released. We expect an increase on the back of rising prices of basic materials, also supported by a weaker koruna against the dollar. That said, the annual pace likely remained subdued, as harsh foreign competition puts a lid on the ability to pass through increasing input costs to final prices.

Key events in CEE & CCA next week

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