Economic climate soars in Q4 – IRG SGH

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.

Unemployment drops to 6.6% in October – Labor ministry

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.

Eurostat: Retail sales up by 6.5% in September

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.

OFEs transfer PLN 3.16 bln to ZUS after Q3

Private pension funds OFEs transferred PLN 3.16 billion to the social insurance board ZUS under the pre-retirement asset shift at end-Q3. In the same period, OFEs received PLN 2.52 billion in transfers from ZUS.

Inflation at 2.1% y/y and 0.5% m/m in October – GUS

Consumer goods and services prices increased by 2.1 percent year-on-year in October, and by 0.5 percent in month-on-month terms, statistics office GUS stated based on its flash estimate. Economists polled by PAP expected inflation to come in at 2.1 percent y/y and 0.4 percent m/m.