The State Treasury debt increased by 0.4 percent month-on-month at end-March and amounted to PLN 941.42 billion, Poland’s Ministry of Finance informed. Since the beginning of the year, the debt has increased by 1.4 percent.
The combined economic sentiment indicator calculated by the Central Statistical Office (GUS) grew in May in year-on-year terms and contracted month-on-month, the institution said.
The industrial production in April contracted by 0.6 percent y/y, while m/m it fell by 13.3 percent.
Retail sales increased in April by 8.1 percent year-on-year and 1.2 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 9.1 percent y/y and 0.8 percentdecline m/m.
According to data released by the Polish Central Statistical Office (GUS), the average employment in April grew by 4.6 percent year-on-year, while the wages grew by 4.1 percent. In month-to-month terms, wages declined by 1.9 percent, while the employment increased by 0.2 percent.
The Ministry of Finance sold PLN 3 billion worth of bonds on auction on Thursday. The five series will mature in 2019, 2022 (two issues), 2026 and 2027. Investor interest was at PLN 6.86 billion.
The Polish government should tighten fiscal policy as soon as possible to take advantage of a strong cyclical upswing in the economy, the International Monetary Fund (IMF) said.
The harmonized index of consumer prices for Poland stood unchanged at 1.8 percent year-on-year in April, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.3 percent.
The number of bankruptcies in April totaled 43, a decrease of 20.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure fell by 2.3 percent.
Poland’s gross domestic product grew by 4 percent year-on-year in the first quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1 percent.