Poland Economic Outlook
May 10, 2016Strong domestic demand provided a cushion to the economy amid external headwinds in the final quarter of last year and allowed Poland’s economic activity to gain speed. While many of last year’s economic drivers remain in place in the first half of 2016, recent data suggest that the economy has lost some steam. Industrial production grew at the slowest pace in over one year in March and the manufacturing PMI fell in April. Meanwhile, ongoing political uncertainties continue to raise investors’ concerns. The zloty fell sharply and yields on 10-year bonds rose at the start of May as the government’s conflict with the constitutional court continues. Moreover, Moody’s will issue Poland’s credit rating on 13 May and some analysts are predicting a downgrade amid heightened political risk.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.07||-0.87 %||May 25|
|Exchange Rate||3.94||-0.34 %||May 26|
|Stock Market||46,695||0.91 %||May 25|
Poland Economic Growth
May 10, 2016Despite risks from political uncertainty, Poland’s solid fundamentals should continue to propel strong growth. Our panelists expect the economy to expand 3.6% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees economic growth broadly stable at 3.5%.
Poland Economic News
May 25, 2016
The manufacturing sector business climate index fell from 5.4 points in April to 5.0 points in May, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
May 25, 2016
In April, industrial production rose 6.0% over the same month last year, which was up from the 0.7% growth recorded in March.
May 24, 2016
In April, retail sales rose 3.2% over the same month last year, which was above March’s 0.8% increase.
May 6, 2016
Amid a lack of inflationary pressure in the economy, the National Bank of Poland (NBP) decided to keep its reference rate at the record low of 1.50% at its 5–6 May monetary policy meeting.
April 29, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 29 April, consumer prices in April increased 0.30% over the previous month, which was above the 0.13% increase recorded in March and marked the highest reading since April 2015.