According to data released by Poland’s Central Statistical Office (GUS), in Q1 Poland had a PLN 4 billion trade deficit. Last year, in the first three months of the year, Poland had a PLN 2.9 billion trade surplus.
Retail sales increased in March by 9.2 percent year-on-year and by 17.8 percent m/m, according to Central Statistics Office GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 7.6 percent y/y and 16.3 percent m/m.
The Central Statistics Office GUS has confirmed its previous estimate for 2017 GDP growth at 4.6 percent. Moreover, it revised the Q4 growth to 4.9 percent compared with the initial 5.1 percent growth projection.
In March, the number of dwellings on which construction has started inched down y/y by 4.3 percent to 20,178, according to data released by the Central Statistics Office (GUS), in m/m terms it soared by 45.7 percent. Moreover, the number of dwellings completed increased by 12 percent y/y to 15,332.
Last year, the average disposable income per person increased to PLN 1,598 from PLN 1,475 in 2016, Central Statistics Office GUS reported. In 2015, the income stood at PLN 1,386.
Foreign nationals spent some PLN 41.5 billion last year in Poland on goods and services, data from the Central Statistics Office (GUS) showed. In comparison, Poles spent PLN 20.1 billion during their visits abroad. Both figures represent 6.2 and 6.1 percent increase y/y respectively.
Poland’s unemployment rate stood at 6.8 percent at the end of February, the Central Statistical Office (GUS) informed, representing a 0.1 percentage points m/m growth.
The synthetic economic outlook (SI) in March decreased in m/m but increased in y/y terms, the Central Statistical Office (GUS) reported. The indicator decreased in the all sectors: services, retail, construction, manufacturing, and reached 110.8 points. The indicator has been above its long-term ave...
The consumer confidence indicator (BWUK) dropped by 0.8 percentage points to 5.4 in March, compared to the February reading, according to a report by Central Statistical Office (GUS). Compared to last year, the indicator is up by 7.4 percentage points
Polish enterprises earned net PLN 126.4 billion at end-Q4, up 13.8 percent y/y, while investment outlays grew by 3.4 percent to PLN 126.2 billion, data from Poland’s Central Statistical Office (GUS) showed. Net profit reached PLN 145.3 billion and was up by 8.1 percent compared with 2016, whil...