Employment and wages growth continues in July – GUS

According to data released by the Polish Central Statistical Office (GUS), the average employment in July grew by 4.5 percent year-on-year, while the wages grew by 4.9 percent. In month-to-month terms, wages inched down by 0.1 percent, while the employment increased by 0.3 percent.

HICP inflation grows in July – Eurostat

The harmonized index of consumer prices for Poland stood at 1.4 percent year-on-year in July, compared to 1.3 percent in June, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices decreased by 0.2 percent.
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GDP growth at 3.9% in Q2 – flash estimate

Poland’s gross domestic product grew by 3.9 percent year-on-year in the second quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1.1 percent.

Base inflation flat at 0.8% in July – NBP

Poland’s base inflation (excluding food and energy prices) amounted to 0.8 percent in July y/y. In m/m terms, it remained unchanged, according to data released by Poland’s Central Bank NBP. Other measures published by NBP, remained either flat as well, or went up, including without administrative pr...

KUKE: Bankruptcies up by 7.4% in July

The number of bankruptcies in July totaled 58, an increase of 7.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure increased by 20.8 percent.

GUS: Trade surplus drops in H1

In the first six months of 2017, Poland had PLN 4.21 billion in trade surplus, down from PLN 12.83 billion last year. Exports amounted to PLN 426.33 billion, up by 7.3 percent, while imports stood at PLN 422.11 billion, up by 9.8 percent y/y, data from Poland’s Central Statistical Office showe...

GUS: Inflation at 1.7% in July

Poland’s inflation rate stood at 1.7 percent in July year-on-year, the Central Statistical Office (GUS) confirming the previously released flash estimate.

Poland suspends retail tax till 2019

Poland is suspending the retail tax till January 1, 2019, the ministry of finance said in its draft bill submitted to the cabinet. This means, that the state coffers will not receive PLN 1.59 billion from the tax planned for next year.