Current account deficit stood at PLN 100 million in August, against a market consensus of a PLN 641.1 million deficit, NBP stated. Exports increased by 11 percent y/y (market consensus – 11.8 percent), while imports grew by 6.7 percent y/y (market consensus – 11.7 percent). In August Poles exported ...
Poland’s base inflation (excluding food and energy prices) amounted to 1 percent in September y/y. In m/m terms it increased by 0.3 percentage points, according to data released by Poland’s Central Bank NBP.
Seasonally adjusted industrial production in Poland increased by 8.9 percent year on year in August, according to data published by Eurostat.
Poland’s inflation rate stood at 2.2 percent in September year-on-year, the Central Statistical Office (GUS) confirming the previously released flash estimate.
According to the experts from the Institute of Agricultural and Food Economics (IERiGŻ), food exports will grow by 8 percent this year and reach €26.3 billion. In the same period, imports will grow by 5.9 percent to €18.3 billion, meaning that the trade surplus will reach €8 billion, compared to €7 ...
Ratings agency S&P upgraded its GDP growth outlook for Poland to 4.2 percent for this year (from the previous 3.6 percent), and to 3.8 percent for 2018 (from 3.1 percent).
The International Monetary Fund has increased its forecast for Poland’s GDP growth by 0.4 percentage points to 3.8 percent for 2017. Next year the growth will slow down to 3.3 percent (from 3.2 percent previously forecasted).
The Composite Leading Indicator (CLI) for Poland decreased by 0.2 points m/m in August to 99.1 points. In y/y terms, the indicator decreased by 1.27 points.
Poland’s Central Bank’s (NBP) reserves stood at €94.36 billion at end-September and were €2.2 billion higher than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $1.7 billion to $111.35 billion.
The Ministry of Finance sold PLN 6.82 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 6.63 billion worth of bonds maturing next year.