Poland PMI Q3 2016

Poland

Poland: Growth slows to three-year low in Q3

November 15, 2016

Poland’s economy lost steam in the third quarter, according to a preliminary flash estimate released by the Central Statistical Office of Poland. The economy grew 2.5% over the same period of last year in Q3, which was below the 3.1% expansion in Q2 and marked the worst growth rate since Q3 2013. The result notably undershot market analysts’ expectations.

On a seasonally adjusted quarterly basis, the economy slowed to a 0.2% expansion in Q3 from a 0.8% increase in Q2. More detailed data including a breakdown of GDP components will be released on 30 November.

FocusEconomics Consensus Forecast panelists expect that the economy will expand 3.1% in 2016, which is unchanged from last month’s forecast. For 2017, panelists foresee the economy growing 3.3%, which is also unchanged from last month’s projection.


Author: Angela Bouzanis, Senior Economist

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