Deflation recorded in Poland in July

The consumer price index in Poland dropped to -0.2 percent year-on-year in July, the Central Statistical Office (GUS) said on Wednesday. In month-on-month terms prices also declined by 0.2 percent.

Locked content Industrial production up by 1.7% in June – Eurostat

Industrial production in Poland grew by 1.7 percent year-on-year in June, according to data published on Wednesday by the EU’s statistics office Eurostat. In month-on-month terms it grew by 0.4 percent. Throughout the EU industrial production grew by 0.7 percent y/y and inched down by 0.1 percent m/...

Locked content Future inflation index down again

The future inflation index calculated by the Bureau for Investments and Economic Cycles (BIEC) declined by 0.9 points month-on-month in August, according to data quoted by the Polish Press Agency. This was the third consecutive month of decline, BIEC said. Only one out of nine factors contributing t...

Locked content Average salary inches down in Q2

In the first quarter of 2014, the average monthly salary in Poland amounted to PLN 3,739.97, the Central Statistical Office (GUS) said in a press release on Monday. According to earlier published GUS data, tn Q1 2014 the average salary was PLN 3,895.31. In the second quarter of 2013, the average mon...

Exports slightly lower than imports in H1

Poland exported goods worth €80.02 billion (PLN 334.7 billion, $110.06 billion) in the first half of 2014, according to data published by the Central Statistical Office (GUS) on Monday. Imports stood at €80.2 billion (PLN 335.46 billion, $110.3 billion).

Locked content OECD’s indicator for Poland inches down in June

The Composite Leading Indicator (CLI) for Poland amounted to 100.59 points in June 2014, compared to 100.66 points in May, according to data from the Organisation for Economic Co-operation and Development (OECD). In July 2013 the CLI was at 100.39. The CLI for the euro zone inched down to 100.98 poi...

Locked content Number of job offers grows rapidly – BIEC

The job offers barometer calculated by the Bureau for Investments and Economic Cycles (BIEC), which shows changes in the number of online job advertisements, grew by 8.7 points to 139.2 points in July, according to data quoted by the Polish Press Agency. The significant growth recorded in July was t...

Locked content S&P affirms Poland’s ratings

Ratings agency Standard & Poor’s has affirmed its assessment of Polish bonds, the firm said in a recent press release. The rating for Poland’s foreign currency remains at A-/A-2 for long-term and short-term bonds. In the case of zloty bonds the respective ratings are A/A-1. The outlook is stable...

Locked content Fitch affirms Poland’s rating

Ratings agency Fitch has affirmed Poland’s standing at A- for foreign currency bonds and A for zloty bonds, with a stable outlook, the firm said in an announcement on Friday. “A relatively robust and increasingly domestic demand driven economic recovery is underway,” the agency wrote about the...

Locked content Poles’ purchasing power up to PLN 950 billion in 2014

The purchasing power of Polish consumers increased to PLN 950 billion in 2014, from PLN 939 billion in 2013, according to a study by research firm GfK Polonia. “The average Pole has PLN 24,653 of disposable income in 2014, which he can spend or save” the firm said. Last year, the average consumer ha...