GDP grows 0.5% in Q3 – official GUS data

Poland's Gross Domestic Product (GDP) in Q3 2023 increased by 0.5% year on year, contrasting with a 0.6% year-on-year decline in Q2 2023, as per the statement from the Central Statistical Office. The flash estimate from GUS indicated a 0.4% GDP growth in Q2 2023. According to GUS data, investments in Q3 2023 rose by 7.2% year on year, private consumption increased by 0.8%, while domestic demand decreased by 5.2% year on year.

Market expectations, based on a PAP Business consensus, anticipated an 8.0% year-on-year increase in investments, a 0.5% year-on-year decrease in private consumption, and a 1.6% year-on-year decline in domestic demand. In quarter-to-quarter comparison, GDP grew by 1.5% (seasonally adjusted) compared to the 1.4% flash estimate.

Source: obserwatorfinansowy.pl