Locked content Industrial output up 1.2% y/y, below expectations

Industrial output increased in February by 1.2 percent year-on-year and dropped by 0.9 percent in month-on-month terms, said statistics office GUS. Analysts surveyed by PAP expected industrial output to grow by 3.5 percent y/y and 1.1 percent m/m. Seasonally-adjusted industrial output increased by 4...

Average salary grew by 4% in February

The average monthly salary in February in the enterprise sector, increased by 4 percent y/y to PLN 4,304.9. In month-to-month terms, wages grew by 0.6 percent, according to the Central Statistical Office (GUS). Compared to February 2016, the average salary increased by PLN 167.4.

HICP inflation at 1.9% in February – Eurostat

The harmonized index of consumer prices for Poland stood at 1.9 percent year-on-year in January, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.5 percent.

KNF approves WSE CEO dismissal

Poland’s Financial Market regulator KNF has approved the changes to the Warsaw Stock Exchange Management Board. It authorized recalling Małgorzata Zaleska, from her post as WSE President and approved Jacek Fotek appointment as the bourse Vice President.

MPC member: rate hike needed this year

According to the Monetary Policy Council (RPP) member Eugeniusz Gatnar, a rate hike might be needed in the second half of 2017 in order to stop accelerating inflation from discouraging domestic savings. “I believe that if real interest rates were to remain negative for a longer period of time, then ...

BOŚ: GDP growth to reach 3.5% in Q1

According to BOŚ Bank analysts, Poland’s GDP will grow by 3.5 percent in Q1 2017, while the consumption dynamic will remain above 4 percent y/y. In Q4, the growth stood at 2.7 percent.