The most important macroeconomic data for Poland this week – an inflation estimate by the Ministry of Finance and the PMI index - will be released on Wednesday. We expect that CPI inflation increased from 3.6% y/y in May to 3.7% y/y in June due to a rise in fuel prices. We also estimate that PMI reached 43.0 points in June versus 42.55 points in May. The slight improvement in PMI is expected because economic conditions have improved in the euro zone.