Consumption in Poland

Poland Consumption | Economic News & Forecasts

Poland - Consumption

Growth accelerates in Q3

The Polish economy sped up in Q3. According to preliminary data released by the Central Statistics Office on 14 November, the economy expanded 4.7% annually in Q3, above Q2’s revised 4.0% (previously reported: +3.9% year-on-year). The reading represented a multi-year high and beat market expectations of softer 4.5% annual growth. Although a breakdown by components is not yet available, the strong expansion in retail sales recorded throughout Q3 and the falling unemployment rate suggest that growth once again came on the back of soaring private consumption.

On a seasonally-adjusted quarter-on-quarter basis, GDP growth accelerated from a revised 0.9% expansion in Q2 (previously reported: +1.1% quarter-on-quarter) to a stronger 1.1% increase in Q3. More detailed data will be released on 30 November.

FocusEconomics Consensus Forecast panelists expect that the economy will grow 3.4% in 2018 which is unchanged from last month’s forecast. For 2019, panelists see the economy growing 3.1%.

Poland - Consumption Data

2012  2013  2014  2015  2016  
Consumption (annual variation in %)0.8  0.3  2.6  3.0  3.8  

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Poland Facts

Bond Yield3.41-0.30 %Nov 17
Exchange Rate3.59-0.53 %Nov 17
Stock Market63,047-1.13 %Nov 17

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Economic News

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    November 20, 2017

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