Trade Balance in Poland
Poland - Trade Balance
GDP growth lost some momentum in Q3, according to a revised estimate, with a weaker base effect weighing on activity. Nevertheless, public spending remained relatively solid, with higher fixed investment growth helping to bolster the overall reading. Turning to Q4, the economy looks to have ended 2021 on a strong footing: Industrial production averaged notably higher in October–November than in Q3, while retail sales surged to a seven-month high in November, indicating improving growth in consumer spending. Moreover, the manufacturing PMI rose steadily throughout Q4 on strengthening output and demand. However, surging inflation could have weighed on activity in the final stretch of the year, with the country’s high-emission, coal-intensive energy system translating into higher energy prices for businesses and households.Poland - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 2.5 | 3.3 | 1.5 | -5.6 | 2.7 |
Poland Trade Balance Chart
Source: National Bank of Poland.
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: Central Bank hikes rates again in January
January 4, 2022
At its meeting on 4 January, the National Bank of Poland (NBP) raised the reference rate by 50 basis points to 2.25%, matching the move it made in December and marking the fourth consecutive rate hike.
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Poland: Manufacturing PMI rises in December, moves further into expansionary territory
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 56.1 in December, rising from 54.4 in November.
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Poland: Business sentiment slumps further into pessimistic territory in December
December 23, 2021
Business confidence came in at minus 12.2 in December, down from November's minus 10.5.
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Poland: Retail sales record quickest growth since April in November
December 21, 2021
Retail sales increased 21.2% year-on-year in November, which was above October’s 14.4% reading and marked the ninth consecutive month of growth.
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Poland: Industrial output growth gains steam in November
December 20, 2021
Industrial output grew 15.2% in year-on-year terms in November, which was above October's 7.6% increase.
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