By Martin M. Sobczyk

 

WARSAW--Fixed investment in Poland continued to decline in the second quarter, with the public sector responsible for much of the contraction, the country's statistics office said on Tuesday.

It confirmed an earlier estimate of Polish economic growth at 3.1% in annual terms in the second quarter of this year.

Fixed investment fell 4.9% in annual terms, shrinking for the second quarter in a row. The worst pace of decline of investments, around 15%, was recorded in the public sector, said Maria Jeznach, director at the statistics office.

The construction sector pulled growth down, shrinking 9.6% in annual terms, while transportation and trade continued to expand.

Consumption supported Poland's economic growth, with household spending up 3.3%, the statistics office also said.

 

Write to Martin M. Sobczyk at martin.sobczyk@wsj.com

 

(END) Dow Jones Newswires

August 30, 2016 04:51 ET (08:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.