Domestic Demand in Poland
Poland - Domestic Demand
Growth picks up in Q1
Poland’s economy kicked into a higher gear in Q1, according to a flash estimate released by the Central Statistical Office of Poland on 16 May. GDP expanded 4.0% in Q1 over the same period of 2016. The result was above Q4’s 2.5% increase and overshot analysts’ expectations of 3.9% growth.
GDP components are not yet available but monthly indicators show buoyant performance across the board, with industrial production, retail sales and business sentiment reaching multi-year highs in Q1 and unemployment climbing down. More detailed data will be published on 31 May.
FocusEconomics Consensus Forecast panelists expect that the economy will grow 3.4% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists also foresee the economy growing 3.4%.
Poland - Domestic Demand Data
|Domestic Demand (annual variation in %)||-0.5||-0.6||4.7||3.3||2.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.36||-0.18 %||Aug 01|
|Exchange Rate||3.60||0.29 %||Aug 01|
|Stock Market||62,801||0.33 %||Aug 01|
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August 11, 2017
Consumer prices edged down 0.2% in July from the previous month, mirroring June’s 0.2% decline.
August 1, 2017
Rising political tensions over the Polish government’s controversial judicial overhauls were checked, at least temporarily, on 24 July when President Andrzej Duda unexpectedly vetoed two of the three reform bills that had reached his desk.
July 31, 2017
According to a preliminary estimate released by the Central Statistical Office (GUS) on 31 July, consumer prices decreased 0.2% over the previous month in July, which followed a similar 0.2% fall recorded in June. Inflation edged up to 1.7% in July from 1.5% a month earlier, and now rests closer to the midpoint of the Central Bank’s target of 2.5% with a tolerance margin of plus/minus 1.0 percentage point.
July 25, 2017
In July, the manufacturing sector business climate index ticked down to 7.4 points from 7.5 points in June, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS).
July 25, 2017
In June, retail sales rose 6.1% over the same month of 2016, losing steam from May’s 8.4% growth.