GDP growth at 4.3% y/y in Q3 – IPAG

GDP growth stood at 4.3 percent y/y in Q3, and will reach 4.1 percent y/y for the entire year 2017, according to the estimations presented by the Institute for Economic Forecasts and Analysis (IPAG). In 2018 GDP will grow at an estimated level of 3.9 percent y/y, the institute stated.

EC: Poland’s economic sentiment indicator at 105.4 points

The Economic Sentiment Indicator in Poland stood at 105.4 points in October, remaining unchanged compared to the reading from the previous months, European Commission stated. Sentiment indicator for industry was -6.6 points compared to -7 points last month, and for the services sector it also increa...

Locked content Economic climate stightly up, growth fueled by exports

The forward-looking economic climate indicator (WWK) increased by 1.5 points m/m in October. Since April 2017 the indicator has plateaued at around 170 points, without showing clear signs of upward or downward trend. “It seems that demand-side impulses stimulating growth are gradually sizzling out, ...

Orange wants to resume roaming charges to some clients

Orange Polska is planning to apply to industry watchdog UKE to resume roaming charges for some of its clients, the company stated. “In Q4 we will still feel the negative impact of the roaming charges [abolished earlier this year], however not as big as in Q3. We are hoping to introduce the charges p...

Locked content Retail sales up 6.4% y/y in September

The value of turnover in retail trade, not adjusted seasonally, has increased by as much as 6.4 percent in September, compared to the corresponding month of last year, according to data released by statistics office GUS. In August 2017, the value of retail turnover also increased, by 6.7 percent y/y...

Eurostat: public debt at 53.4% of GDP in Q2

Poland’s public debt in Q2 2017, calculated with the ESA2010 methodology, amounted to 53.4 percent of GDP, marking a 0.6 pp decrease from the 54 percent recorded in the first quarter of 2017, Eurostat stated. The figure is also slightly lower than the one recorded in Q2 of 2016, when it stood at 53....

Revised 2016 GDP growth at 2.9% – GUS

GDP increased by 2.9 percent in 2016 in real terms, according to statistics office GUS’ revised calculation. In April of the year, GUS posted a flash estimate of GDP growth at 2.7 percent. Net exports had a stronger positive impact on GDP growth (+0.7 pp against the earlier estimate of 0.3 pp), whil...

Locked content Budget deficit at 2.1% in 2017 – World Bank

Poland’s budget deficit will amount to 2.1 percent of GDP in 2017, and then it will grow to 2.6 percent in 2018 and 2.7 percent in 2019, according to forecasts prepared by the World Bank. “All forward indicators for Poland’s economy are strong, there is clear stimulation from private consumption,” s...

Locked content Industrial production prices up 3.1% y/y in September

Industrial production prices increased in September by 3.1 percent y/y and by 0.4 percent in monthly terms, GUS stated. Economists polled by PAP saw the prices increase by 3.1 percent y/y and by 0.3 percent m/m. In August, industrial production prices grew by 3 percent y/y and by 0.4 percent m/mR...

Locked content Industrial output increases by 4.3% y/y in September

Industrial output grew by 4.3 percent year-on-year in September, by 6.0 percent month-on-month, statistics office GUS said in a statement. Analysts polled by PAP expected industrial output to increase by 5.4 percent y/y and by 7.2 percent m/m. After eliminating seasonal factors, industrial productio...