Current Account in Poland
Poland - Current Account (billions of Euros)
The Polish economy remained perky in Q2 according to a preliminary estimate. Growth was fueled by solid gains in private consumption, which were likely driven by the sharp fall in unemployment observed since the beginning of the year. Signs remain positive heading into Q3: Retail sales chalked up another heady pace of growth in July, the manufacturing PMI remained firmly in positive territory in August and businesses stayed broadly optimistic in the same month. The economy has up until now brushed off the heightened political uncertainty caused by the raging diplomatic row between Warsaw and Brussels over the freedom of the country’s judicial system. Although in July President Andrzej Duda vetoed two laws proposed by the ruling PiS party, a third—which allows the Justice Minister to fire judges—has become law. The government is holding firm on its implementation, while the EU Commission is threatening legal action.Poland - Current Account (EUR bn) Data
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | -14.4 | -5.0 | -8.5 | -2.6 | -0.9 |
Poland Current Account (EUR bn) Chart
Source: National Bank of Poland and FocusEconomics calculations.
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.37 | 1.72 % | Sep 21 |
| Exchange Rate | 3.58 | -0.45 % | Sep 21 |
| Stock Market | 64,209 | -0.83 % | Sep 21 |
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Economic News
Poland: Manufacturing PMI edges up in August
September 1, 2017
The Manufacturing Purchasing Managers’ Index (PMI) inched up from 52.3 in July to 52.5 in August, according to IHS Markit.
Poland: Growth moderates slightly in Q2
August 31, 2017
Poland’s economy slowed down slightly in Q2, according to a second estimate released by the Statistical Institute on 31 August.
Poland: Growth in retail sales picks up in July
August 24, 2017
Retail sales in July rose 7.1% over the same month in 2016, gaining momentum from June’s 6.1% rise.
Poland: Business confidence is steady in August
August 24, 2017
In August, the manufacturing sector business climate index was flat at 7.4 points, according to the Business Tendency Survey released by the Central Statistical Office (GUS-BTS).
Poland: Industrial output growth speeds up in July
August 18, 2017
Industrial production grew 6.2% in July from the same month last year, which was a solid acceleration from June’s 4.5% growth.
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