Poland Economic Outlook
September 6, 2016The Polish economy grew 3.1% in annual terms in the second quarter, accelerating slightly over Q1’s 3.0% increase. The mild improvement in Q2 came on the back of stronger private consumption and robust external demand. On the downside, fixed investment contracted at a sharper pace, dragged down by the reduction in EU development funds. Data for the third quarter sent positive signals: business confidence improved in August after deteriorating in July, and the manufacturing PMI improved in the same month. On 25 August the government presented the draft budget for 2017, which foresees a fiscal deficit of 3.1% of GDP. Therefore, the country appears at risk of breaking the EU’s 3% deficit rule due to the proposed government stimulus actions, including a lower retirement age, an increase in public wages, free medicines for senior citizens and more security spending.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.87||1.63 %||Sep 28|
|Exchange Rate||3.83||0.31 %||Sep 28|
|Stock Market||47,318||0.08 %||Sep 28|
Poland Economic Growth
September 6, 2016Poland’s economy is expected to decelerate somewhat this year, on the back of weaker fixed investment. In addition, Brexit-related spillovers on investment and exports pose downside risks to growth. The FocusEconomics panel sees GDP expanding 3.2% this year, which is down 0.1 percentage points from last month’s projection. For 2017, the panel sees economic growth of 3.3%.
Poland Economic News
September 20, 2016
In August, retail sales rose 5.6% over the same month last year, which was above July’s 2.0% increase and marked the largest expansion since April 2014.
September 20, 2016
In August, industrial production expanded 7.5% over the same month last year, which notably contrasted the 3.4% contraction recorded in July.
September 12, 2016
According to the Central Statistical Office (GUS), consumer prices dropped 0.2% over the previous month in August, which followed the 0.3% decrease recorded in July.
September 7, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 6–7 September monetary policy meeting.
September 1, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from July’s 50.3 to 51.5 in August, according to a release provided by IHS Markit.