Poland Economic Outlook
November 29, 2016The Polish economy lost momentum in the third quarter as GDP expanded at the weakest pace in three years. A breakdown by components is not yet available but feeble investment likely hit growth due to lower EU development funds, despite the government’s fiscal easing measures. Leading data for Q4 point to faltering momentum: the manufacturing PMI fell to an over one-year low in October and business confidence sank to the lowest level since January. Despite lagging growth, the parliament overturned a four-year-old increase in the retirement age on 16 November. The lower retirement age will strain the government’s purse by approximately USD 2.4 billion a year starting in 2018 and could hurt labor supply.
Poland Economy Data
5 years of Poland economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.59||2.46 %||Nov 29|
|Exchange Rate||4.17||0.0 %||Nov 29|
|Stock Market||48,199||-0.07 %||Nov 29|
Poland Economic Growth
November 29, 2016GDP growth is seen picking up slightly next year, after coming in at a three-year low of 2.9% in 2016. Fiscal easing measures and a rebound in investment should fuel growth of 3.2% next year, which is down 0.1 percentage points from last month’s projection.
Poland Economic News
December 1, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from October’s over one-year low of 50.2 to 51.9 in November, according to IHS Markit.
November 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 November, consumer prices rose 0.1% over the previous month in November, which was below the 0.5% increase in October.
November 30, 2016
Poland’s economy lost steam in the third quarter as the external sector and plummeting investment dragged on growth.
November 28, 2016
The manufacturing sector business climate index decreased from 1.0 point in October to minus 1.8 points in November, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
November 21, 2016
In October, industrial production fell 1.3% over the same month last year, which notably contrasted the 3.2% expansion recorded in September.