GUS: Q4 GDP growth at 5.1%

Poland’s GDP grew by 5.1 percent y/y in the Q4 compared with a 4.9 percent increase in Q3, Central Statistics Office GUS said confirming the previous flash estimate.

Analysts polled by the Polish Press Agency PAP expected growth at 5.2 percent.

The growth, strongest in six years, was boosted by investments which increased by 11.3 percent y/y. Overall, investments boosted GDP growth by 2.8 percentage points, while household consumption brought in 2.5 percentage points. On the other hand, foreign trade subtracted 0.8 pps.

The statistics office said that the seasonally-adjusted GDP grew by 1 percent q/q compared with a 1.2 percent growth in Q3.

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