Pengab banking sentiment indicator continues its rise in March

The Pengab index, which measures conditions in the banking industry, grew by 7.1 points month-to-month to 30.2 points in March, according to the Monitor Bankowy report issued by TNS Polska. This is the highest score in nine months. In February of last year, the indicator registered 22.5 points.

Moody’s upgrades Poland’s GDP forecasts

Ratings agency Moody’s has upgraded Poland’s GDP forecast for 2017 to 3.2 percent, from the previous 2.9 percent. The agency decided to upgrade the forecasts after a series of recent positive economic data. “Polish economy is showing signs of a nascent turnaround of last year’s real GDP ...

GUS: unemployment falls in February

Poland’s unemployment rate stood at 8.5 percent at the end of February, the Central Statistical Office (GUS) informed, representing a 0.1 percent m/m and 1.7 y/y drop.

The majority of Polish companies plan investments this year – GUS

According to the Central Statistical Office (GUS) data, as many as 66.3 percent of industrial companies and 41.6 percent of construction entities plan to invest in 2017. In comparison, last year, only 45.6 percent of industrial firms and 31.8 percent construction ones planned such expenditures.

Enterprises financial results up by 21.3% – GUS

According to Poland’s Central Statistical Office (GUS), non-financial enterprises in Poland had PLN 111.06 billion combined net financial results in 2016, up by 21.3 percent y/y. Investment spending was down by 13.2 percent to PLN 120.8 billion.

Eurostat: Labor costs up 5.4% in Q4

Nominal hourly labor costs in Poland grew by 5.4 percent year-on-year in the fourth quarter of 2016, the EU’s statistics office Eurostat said in a data release. Wages grew by 5.4 percent and non-wage costs grew by 5 percent.