Exports in Poland
Poland - Exports
Momentum likely cooled considerably in the first quarter, as supply bottlenecks and soaring inflation—made worse by the outbreak of the Ukraine war—weighed on the economy. Although retail sales expanded strongly, consumer confidence soured in Q1, which, coupled with strong inflationary pressures, suggests moderate household spending. Moreover, business sentiment weakened, pointing to slowing dynamics, although PMI readings remained comfortably in expansionary terrain. Moving to Q2, Russia’s Gazprom suspended all gas supply to the country in late April, although the country’s large gas stocks should keep supply largely stable. Moreover, on 20 April, Moody’s affirmed the country’s A2 credit rating with a stable outlook, noting the country’s resilient economy and strong institutional framework.Poland - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 191 | 196 | 228 | 256 | 258 |
Poland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.07 | -0.30 % | Dec 31 |
| Exchange Rate | 3.79 | -0.53 % | Jan 01 |
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Economic News
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Poland: GDP growth picks up speed in Q1
May 19, 2022
According to a preliminary estimate, GDP growth accelerated to 8.5% year on year in the first quarter, from 7.6% in the fourth quarter of 2021.
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Poland: Central Bank hikes rates by 75 basis points in May
May 9, 2022
At its meeting on 5 May, the National Bank of Poland (NBP) raised the reference rate by 75 basis points from 4.50% to 5.25%, marking the eighth consecutive rate hike since it began its tightening cycle in October 2021.
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Poland: Manufacturing PMI drops again in April
May 6, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 52.4 in April, down from 52.7 in March.
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Poland: Inflation jumps in April
May 5, 2022
Consumer prices rose 2.00% over the previous month in April, following March's 3.30% surge which had marked the strongest increase since January 1996.
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Poland: Retail sales grow at quickest pace since April 2021 in March
April 26, 2022
Retail sales rose 22.0% compared to the same month of the previous year in March, which was above February's 16.5% increase.
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