Base inflation flat at 0.8% in July – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.8 percent in July y/y. In m/m terms, it remained unchanged, according to data released by Poland’s Central Bank NBP. Other measures published by NBP, remained either flat as well, or went up, including without administrative pr...

KUKE: Bankruptcies up by 7.4% in July

The number of bankruptcies in July totaled 58, an increase of 7.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure increased by 20.8 percent.

GUS: Trade surplus drops in H1

In the first six months of 2017, Poland had PLN 4.21 billion in trade surplus, down from PLN 12.83 billion last year. Exports amounted to PLN 426.33 billion, up by 7.3 percent, while imports stood at PLN 422.11 billion, up by 9.8 percent y/y, data from Poland’s Central Statistical Office showe...

GUS: Inflation at 1.7% in July

Poland’s inflation rate stood at 1.7 percent in July year-on-year, the Central Statistical Office (GUS) confirming the previously released flash estimate.

Poland suspends retail tax till 2019

Poland is suspending the retail tax till January 1, 2019, the ministry of finance said in its draft bill submitted to the cabinet. This means, that the state coffers will not receive PLN 1.59 billion from the tax planned for next year.

Investment funds with PLN 1.6 bln net inflows in July

Polish investment funds recorded PLN 1.6 billion in net inflows in July, according to data released by Analizy Online. Retail investment funds had PLN 1.9 billion in net inflows last month, which is the best result since April 2015, and six straight month with over PLN 1 billion in net inflows.

Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 0.15 points quarter-to-quarter and amounts negative  0.1 points in Q3 2017. In year-to-year terms, the index has gone up by 4.1 points.

Polish investment funds assets inch down in July

Net assets under management (AuM) of Polish investment funds contracted by 0.01 percent m/m (PLN 20 million) to PLN 272.92 billion in July, a report by researcher Analizy Online and asset management lobby IZFiA showed. Since January 1, 2017, the AuM increased by PLN 14.4 billion.