Domestic Demand in Poland
Poland - Domestic Demand
Economy gains steam in Q4
Poland’s economy picked-up pace in the final quarter of 2016, according to a preliminary flash estimate released by the Central Statistical Office of Poland. The economy grew 2.7% over the same period of the previous year, which was above the 2.5% expansion observed in Q3. The result overshot market analysts’ expectations of steady growth at Q3’s level. Q3’s figure had marked the worst growth rate since Q3 2013.
On a seasonally adjusted quarterly basis, the economy expanded 1.7% in Q4, notably above Q3’s 0.4% increase and the best result since Q4 2007. More detailed data including a breakdown of GDP components will be released on 28 February.
FocusEconomics Consensus Forecast panelists expect that the economy will expand 3.0% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists foresee the economy growing 3.2%.
Poland - Domestic Demand Data
|Domestic Demand (annual variation in %)||4.2||-0.5||-0.7||4.9||3.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.90||1.04 %||Feb 22|
|Exchange Rate||4.07||-0.14 %||Feb 22|
|Stock Market||59,451||0.20 %||Feb 22|
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February 17, 2017
In January, industrial production expanded 9.0% over the same month of 2016, which was well above the 2.3% increase recorded in December and was the highest reading since February 2011.
February 14, 2017
Poland’s economy picked-up pace in the final quarter of 2016, according to a preliminary flash estimate released by the Central Statistical Office of Poland.
February 13, 2017
Consumer prices rose 0.4% over the previous month in January, which came in lower than the revised 0.7% increase in December (previously reported: +0.5% year-on-year).
February 8, 2017
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 7–8 February monetary policy meeting.
February 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) for Poland rose from December’s 54.3 to 54.8 in January, according to IHS Markit.