Enterprises financial results up by 21.3% – GUS

According to Poland’s Central Statistical Office (GUS), non-financial enterprises in Poland had PLN 111.06 billion combined net financial results in 2016, up by 21.3 percent y/y. Investment spending was down by 13.2 percent to PLN 120.8 billion.

Eurostat: Labor costs up 5.4% in Q4

Nominal hourly labor costs in Poland grew by 5.4 percent year-on-year in the fourth quarter of 2016, the EU’s statistics office Eurostat said in a data release. Wages grew by 5.4 percent and non-wage costs grew by 5 percent.

Locked content Industrial production prices increase 4.4% y/y

Industrial production prices increased in February by 4.4 percent y/y and remained unchanged in monthly terms, GUS stated. Economists polled by PAP saw the prices increase by 4.5 percent y/y and drop by 0.1 percent m/m. In January, industrial production prices grew by 4 percent y/y and 0.3 percent m...

Locked content Retail sales increase by 7.3% y/y

Retail sales increased in February by 7.3 percent year-on-year and dropped 2.7 percent m/m, according to GUS. Market consensus prepared by PAP saw the sales increase by 8.7 percent y/y and fall 1.4 percent m/m. In January, retail sales recorded an 11.4 percent increase in annual terms. In real terms...

Locked content Industrial output up 1.2% y/y, below expectations

Industrial output increased in February by 1.2 percent year-on-year and dropped by 0.9 percent in month-on-month terms, said statistics office GUS. Analysts surveyed by PAP expected industrial output to grow by 3.5 percent y/y and 1.1 percent m/m. Seasonally-adjusted industrial output increased by 4...

Average salary grew by 4% in February

The average monthly salary in February in the enterprise sector, increased by 4 percent y/y to PLN 4,304.9. In month-to-month terms, wages grew by 0.6 percent, according to the Central Statistical Office (GUS). Compared to February 2016, the average salary increased by PLN 167.4.

HICP inflation at 1.9% in February – Eurostat

The harmonized index of consumer prices for Poland stood at 1.9 percent year-on-year in January, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.5 percent.