Locked content GDP growth seen at 3.5% this year – expert

Poland’s gross domestic product may have grown at 3.1 percent year-on-year in the first quarter of this year, according to a statement from Paweł Durjasz, a member of the Prime Minister’s Economic Council. Full-year growth in 2014 may amount to 3.5 percent, he said. Data from the Central...

Locked content Production in construction up by 6.8% – Eurostat

In May, seasonally adjusted production in the construction sector rose by 6.8 percent year-on-year in Poland, according to data released by the EU’s statistics office Eurostat on Thursday. In month-on-month terms it declined by 3.9 percent. Throughout the EU production in the construction sector gre...

Locked content HICP inflation at 0.3% in June

HICP inflation in Poland amounted to 0.3 percent year-on-year in June, according to a data release published by the EU’s statistics office Eurostat on Thursday. In month-on-month terms prices remained unchanged. Throughout the EU inflation was 0.7 percent y/y and 0.1 percent m/m in June. In the euro...

Locked content ZEW expectations for Poland down in July

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, declined by 16.4 points month-on-month to 25 points in July, according to data quoted by ISBnews. The assessment of the current economic situation also declined, by 16....

Locked content BIEC prosperity index inches down in July

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched down by 0.2 points month-on-month in July, the Polish Press Agency reports. The decline was mostly due to a lower rate of salary growth than in the previous months, BIEC analysts said. June salary growth ...

Locked content Core inflation at 1% in June

Core inflation, excluding food and energy prices, amounted to 1 percent year-on-year in June, compared to 0.8 percent in May, the National Bank of Poland said on Monday. Inflation excluding state-controlled prices amounted to -0.1 percent y/y compared to -0.2 percent in May. Inflation excluding the ...

Locked content Average monthly pay up 3.5% y/y

Average monthly salary in the corporate sector amounted to PLN 3,943.01 in June and was 3.5 percent higher than in June of 2013, as well as 1.7 percent up from the reading in May, statistics office GUS said. “Wage growth decelerated in June to 3.5%YoY from 4.8%YoY in May, much more than expected,” s...

Locked content Budget deficit at PLN 25.36 bln

Poland’s budget deficit amounted to PLN 25.36 billion at the end of June 2014, or 52.9 percent of the full-year plan, according to data from the Ministry of Finance quoted by ISBnews. In May the deficit was at PLN 22.36 billion. Budget revenues stood at PLN 136.26 billion, or 49.1 percent of the pla...