Retail Sales grew by 3.8 percent

The Central Statistical Office (GUS) reported that retail sales in May rose by 3.8 percent year-on-year. On the other hand, retail sales fell by 2.7 percent month-on-month. Economists predict a stabilization of the retail sales dynamic in the coming months.

Unemployment continues downward trend

The latest data published by the Central Statistical Office (GUS) shows a decrease in unemployment. The unemployment rate at the end of May was 12.5 percent, compared with 13 percent in April, as presented in a GUS statement. This is the lowest unemployment rate in the last year and a half.

Locked content GUS reports, industrial sales up in Q1

The Central Statistics Office reported that industrial turnover increased by 2.7 percent in Q1. This is a marked improvement compared to last year when industrial turnover fell by 4.3 percent in the first quarter. Export turnover for Q1 2014 also rose by 5.3 percent, while declining in Q1 2013 by 0....

Locked content Budget deficit at PLN 42.5 billion

Poland’s budget deficit amounted to about PLN 42.5 billion at the end of last year, less than was assumed in the amended budget law, Deputy Finance Minister Hanna Majszczyk told reporters on Wednesday. Budget revenues came in at PLN 3 billion higher that was planned, Majszczyk said, while expenditur...