Locked content EY expects stable economic growth

The current forecast made by EY predicts a 3.3 percent growth of the Polish economy in the current year. This is a half a percentage point higher than EY’s previous forecast earlier this year, as reported by IAR. According to EY, the rate of growth should remain rather steady. EY experts predi...

Locked content Retail trade down by 0.5% y/y in June – Eurostat

The volume of retail trade in Poland inched down by 0.5 percent year-on-year in June, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms it grew by 1 percent. Throughout the EU retail trade rose by 2.5 percent y/y and by 0.3 percent m/m in June. In the euro...

Locked content Poland’s exports grows 9.4% in June – KUKE

Polish exports increased by 9.4 percent in June year-on-year and 2.4 percent month-on-month and was worth €13.97 billion, export insurer KUKE estimated in a statement. The June increase in turnover stems mostly from seasonal factors as June is often the period of restocking for the holiday period, a...

Locked content Producer prices up by 1.1% in June – Eurostat

Industrial producer prices declined by 1.1 percent year-on-year in Poland in June, according to data released on Monday by the EU’s statistics office Eurostat. In month-on-month terms, they remained stable. Across the EU industrial producer prices declined by 0.8 percent y/y and rose by 0.1 percent ...

Locked content BIEC: Slower improvement on labor market

The forward-looking labor market indicator, calculated by the Bureau for Investments and Economic Cycles (BIEC) has been declining for a year, according to a report from the institution quoted by the Polish Press Agency. Over the past months the rate of decline has slowed down over the past months, ...

Locked content Budget deficit at PLN 25.3 bln after May

Poland’s budget deficit amounted to PLN 25.3 billion after May, according to revised data from the Ministry of Finance quoted by ISBnews. It stood for 53.3 percent of the annual plan. The ministry had earlier estimated that the May budget deficit was PLN 25.36 billion. Budget revenue amounted to PLN...

PMI drops below neutral level

For the first time in 13 months, the Poland Manufacturing PMI signaled a deterioration of business conditions in July. The index, compiled by HSBC and Markit Economics, declined to 49.4 points compared to 50.3 points in June.

Locked content No more bond issues for this year’s borrowing needs

Poland’s Ministry of Finance has completed the market financing of the country’s borrowing needs for 2014, according to a statement quoted by ISBnews. After the summer vacation, the ministry will obtain new tranches of loans from international financial institutions in order to formally close the bo...

Locked content Individuals expect inflation at 0.1%

In mid-July private individuals in Poland expected inflation to be at 0.1 percent within a year’s time, the National Bank of Poland said on Thursday. The figure is the lowest in the history of the survey. The NBP calculated the data based on a survey carried out by statistics office GUS. At the time...