Investment in Poland
Poland - Investment
Growth moderates slightly in Q2
Poland’s economy slowed down slightly in Q2, according to a second estimate released by the Statistical Institute on 31 August. GDP expanded 3.9% in Q2 over the same period in 2016, decelerating slightly from Q1’s 4.0% year-on-year rise. The deceleration in Q2 GDP came on the back of a weaker performance by the external sector, but still represents a solid expansion; the economy has been undergoing a growth spurt in response to a healthy Eurozone, robust domestic demand and a recovery in investment after a slow 2016.
The domestic side of the economy, on the other hand, fared strongly in Q2. Private consumption rose (Q2: +4.9% year-on-year; Q1: +4.7% yoy), underpinned by a tight labor market and lower inflation. Furthermore, government consumption also gathered momentum in Q2, expanding 2.4% in annual terms (Q1: +1.0 % yoy). In addition, gross fixed investment rebounded in Q2 as EU-funded investments ramped back up after declining sharply in 2016 (Q2: +0.8% yoy; Q1: -0.4% yoy). All in all, domestic demand expanded a robust 5.8% in Q2 (Q1: +4.2% yoy).
The external sector did not perform as well in Q2, as exports grew only 2.8% in annual terms compared to a strong 8.3% expansion in Q1. Industrial output, especially for automakers, slowed in June. Imports, on the other hand, decelerated from Q1 to Q2, slightly offsetting weaker export growth (Q2: +6.1% yoy; Q1: +8.7% yoy). The overall net contribution to growth in Q2 was minus 0.9 percentage points (Q1: -0.1 percentage points). A drag on the external sector had been expected due to the appreciation of the zloty and thriving private consumption, which should translate into higher imports.
FocusEconomics Consensus Forecast panelists expect that the economy will grow 3.7% in 2017, which is unchanged from last month’s forecast. For 2018, panelists foresee the economy growing 3.4%.
Poland - Investment Data
|Investment (annual variation in %)||-1.8||-1.1||10.0||6.1||-7.9|
5 years of economic forecasts for more than 30 economic indicators.
|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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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.
August 31, 2017
Poland’s economy slowed down slightly in Q2, according to a second estimate released by the Statistical Institute on 31 August.
August 24, 2017
Retail sales in July rose 7.1% over the same month in 2016, gaining momentum from June’s 6.1% rise.
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).
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.