Unemployment falls to 3.4% in August – Eurostat

The seasonally adjusted unemployment rate in Poland was 3.4 percent in August compared to 3.5 percent in July, the EU statistical office Eurostat reported. The number of unemployed people decreased to 585,000 in July from 600,000 a month earlier. In the entire EU, unemployment stood at 6.8 percent.

CPI inflation at 1.8% in September – GUS flash estimate

Prices of consumer goods and services increased in September by 1.8 percent year-on-year and 0.2 m/m, statistics office GUS informed in a flash estimate. Last month, prices for foods and non-alcoholic beverages increased by 2.3 percent y/y and 0.6 percent m/m, energy prices went up by 1.8 percent y/...

Pengab banking sentiment inches up in September

The Pengab index, which measures conditions in the banking industry, increased by 0.1  points month-to-month to 26.6 points in September, according to the Monitor Bankowy report issued by Kantar TNS.  Last year, the indicator stood at 25.4 points.

NBP: loans and mortgages up in August

The value of consumer credits grew by 0.8 percent or PLN 1.56 billion in August month-on-month and reached PLN 185.7 billion, Poland’s Central Bank (NBP) announced.

Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...

Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 6.2 points year-on-year and amounted 3.2 points in Q3. 21.9 percent of the surveyed enterprises considered the general condition of their company as good,...

Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...