Locked content OECD’s indicator for Poland inches up in September

The Composite Leading Indicator (CLI) for Poland amounted to 101.13 points in September 2014, compared to 100.84 points in August, according to data from the Organisation for Economic Co-operation and Development (OECD). In October 2013 the CLI was at 100.38. The CLI for the euro zone inched down to...

Locked content Industrial production up by 1.9% – Eurostat

Industrial production in Poland grew by 1.9 percent year-on-year in September, according to data released on Wednesday. In month-on-month terms production grew by 1.1 percent. In the case of both the EU and the euro areas, industrial output grew by 0.6 percent y/y and 0.6 percent m/m, the Eurostat s...
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CPI to remain low – NBP

CPI inflation will remain visibly below the 2.5 percent target until 2016, according to the latest economic projection issued by the National Bank of Poland. It will be affected by low demand and cost pressure.

Locked content Unemployment rate drops again

The registered unemployment rate in Poland declined by 0.2 percentage points in October and amounted to 11.3 percent at the end of the month, according to an estimate published by Poland’s Ministry of Labor and Social Policy on Monday. October is the ninth consecutive month of the rate’s decline. Si...

Locked content RPP keeps rates unchanged against expectations

The Monetary Policy Council (RPP) has decided to maintain interest rates unchanged after its two-day sitting on Tuesday and Wednesday, against market expectations which saw the main rate cut by 25 basis points. Many economists had spoken against a possible cut before the sitting, saying that the rat...

Fiat factory in Tychy sees protest

Workers at the Fiat factory in Tychy have launched a protest against a new rule that would prolong their work time processing to twelve months. Solidarity labor union claims that this is simply an effort to save money on employee pay.

Locked content Unemployment may decline further

Poland’s registered unemployment rate did not rise in October and it may have declined, Labor Minister Władysław Kosiniak-Kamysz was quoted as saying by the Polish Press Agency (PAP). “We hope that the good PMI result will translate into a positive trend,” Kosiniak-Kamysz said. Deputy Labor Minister...

Locked content GDP growth no lower than 3% this year – Hausner

The Polish economy is on a solid growth path and it seems justified to expect GDP growth no lower than 3 percent in 2014, Monetary Policy Council member Jerzy Hausner wrote in the summary of a report prepared for the Polish Agency for Enterprise Development. “In the second half of 2013 the Polish ec...

Locked content European Commission lowers GDP growth forecast for Poland

The European Commission lowered expected GDP growth for Poland by 0.2 percentage points down to 3 percent for the year. Further, GDP growth for 2015 is expected to be 2.8 percent and 3.3 percent in 2016. Public finances should improve, but the situation in exports and in Ukraine have had a negative ...

Locked content Number of bankruptcies declines – Euler Hermes

In October this year, 81 Polish companies were declared bankrupt, compared to 85 in October 2013, according to a report issued on Monday by Euler Hermes. In January-October 2014 the number of bankruptcies was 711 compared to 798 in the corresponding period of 2013. Despite a better sentiment in the ...