Net assets under management (AuM) of Polish investment funds increased by 0.6 percent m/m to PLN 275.4 billion in October, a report by researcher Analizy Online and asset management lobby IZFiA showed.
According to data released by the Polish Central Statistical Office (GUS), the average wage in Q3 grew by 4.9 percent year-on-year, and stood at PLN 4,255. In q/q terms, the average salary increased by 0.8 percent.
After the third quarter of 2017, the foreign trade surplus reached PLN 8.24 billion compared to PLN 13.5 billion surplus last year, according to the Central Statistical Office (GUS). At end-Q3, exports amounted to PLN 640.54 billion, while imports totaled PLN 632.62 billion.
The Ministry of Finance sold PLN 8.07 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 7.77 billion worth of bonds maturing next year.
The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 3.1 points quarter-to-quarter and amounts 3 points in Q4 2017. In year-to-year terms, the index has gone up by 11.8 points.
The European Commission (EC) increased the forecast of this year’s GDP growth by 0.7 percentage point to 4.2 percent. For 2018, the forecast was increased by 0.6 percentage points to 3.8 percent. For 2019, the EC predicts 3.4 percent GDP growth.
The Composite Leading Indicator (CLI) for Poland decreased by 0.08 points m/m in September to 99.1 points. In y/y terms, the indicator decreased by 1.15 points.
To a surprise of no one, the Monetary Policy Council (RPP) has decided to keep interest rates unchanged.
The registered unemployment rate amounted to 6.6 percent in October, down by 0.2 percent in month-on-month terms, and 1.6 percentage points lower y/y, based on estimates from job centers, the Ministry of Family, Labor and Social Policy announced.
The volume of seasonally adjusted retail trade in Poland grew by 6.5 percent year-on-year in September, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.8 percent.