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...

Locked content EC’s indicator for Poland inches down in July

The Economic Sentiment Indicator (ESI) for Poland calculated by the European Commission inched down by 0.9 points to 97.8 in July, the EC said on Wednesday. In industry, the sector ESI inched up by 0.9 points to -11.5 in July. In services, it declined from 1.4 to 0.9 points. In retail trade the indi...

Locked content Unemployment to fall to 11%

The registered unemployment rate in Poland will decline to nearly 11 percent in July-September, Deputy Labor Minister Jacek Męcina told radio station TOK FM. It will then grow seasonally. Sectors such as tourism, restaurants, horticulture and agriculture are important to the Polish labor market, Męc...