Locked content Retail trade up by 1.7% in August

The volume of retail sales in Poland grew by 1.7 percent year-on-year in August, the Central Statistical Office (GUS) said on Tuesday. In month-on-month terms it declined by 1.1 percent. In real terms (constant prices) retail sales grew by 2.8 percent y/y, GUS also said. Economists surveyed by the P...

Locked content Unemployment rate at 11.7%

Poland’s registered unemployment rate stood at 11.7 percent in August, according to data released by the Central Statistical Office (GUS) on Tuesday. The figure is in line with an estimate announced by the Ministry of Labor and Social Polish earlier this month. GUS also revised the July unemployment...

Locked content Treasury debt at PLN 751.33 bln

As of the end of July 2014, Poland’s treasury debt amounted to PLN 751.33, according to data from the Ministry of Finace, quoted by ISBnews. It grew by 0.1 percent month-on-month and fell by 10.3 percent compared with the end of 2013. Domestic debt amounted to PLN 488.94 billion at the end of July a...

Locked content Exchange t-bond auction worth PLN 3.5 held

Poland’s Ministry of Finance sold treasury bonds worth PLN 3.5 billion at an exchange auction on Thursday, according to data quoted by ISBnews. The ministry sold bonds maturing in July 2019 for PLN 1.16 billion and another series of securities, maturing in January 2019, for PLN 3.5 billion. In excha...

Locked content ZEW expectations for Poland down in September

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, dropped by 33.3 points month-on-month to -6.4 points in September, according to data quoted by ISBnews. The assessment of the current economic situation declined by 10....

Locked content Chojna-Duch opts for sharp rate cut in October

The Monetary Policy Council (RPP) should cut rates by 50 basis points at its October sitting,  RPP member Elżbieta Chojna-Duch said in an interview for TVN 24 BiŚ. “This is not even the last moment, its a delay,” she said. “I think that interest rates should have been cut earlier.” In her opinion, P...
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Industrial output declines in August

Poland’s industrial output declined by 1.9 percent year-on-year in August, the Central Statistical Office (GUS) said in a data release on Wednesday. In month-on-month terms output fell by 8.5 percent.