At a regional level, May’s Economic Sentiment Indicators for Central and Eastern Europe (CEE) were a bit stronger than in April, but the latest readings still support our view that GDP growth in CEE has now peaked. Meanwhile, Polish inflation remained tepid in May. It came in at 1.7% y/y – only a touch stronger than April’s outturn of 1.6% y/y in spite of a sharp rise in fuel inflation.
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