Trade Balance in Poland
Poland - Trade Balance
The economy expanded strongly in the first quarter, beating market expectations. A marked accumulation of stocks shielded against supply side disruptions and drove the acceleration. Strong, albeit softer, private consumption growth amid a healthy labor market further supported activity. The pace of economic growth should moderate in Q2, partially due to a waning low base effect. Industrial activity cooled in April, likely weighed down by supply chain constraints, while inflation continued to soar. Business sentiment remained subdued in April and May, while the PMI moved into contractionary terrain in May. That said, retail sales skyrocketed in April. Meanwhile, the government terminated its agreement with Russia to receive gas, while parliament approved a judicial reform to meet EU demands, paving the way to receive EU recovery funds.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: Retail sales growth drops to over one-year low in December
January 25, 2023
Retail sales rose 15.5% year on year in December (November: +18.4% yoy).
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Poland: Business sentiment ticks up in January
January 25, 2023
Business confidence rose to minus 18.2 in January from December's minus 19.5.
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Poland: Industrial output growth falls to over one-year low in December
January 24, 2023
Industrial output increased 1.0% in year-on-year terms in December, which was a deterioration from November's 4.5% increase.
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Poland: Inflation drops in Decemberr
January 5, 2023
Inflation came in at 16.6% in December, which was down from November’s 17.5%.
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Poland: Central Bank stands pat in January
January 5, 2023
At its 3–4 January meeting, the National Bank of Poland (NBP) kept the key reference rate unchanged at 6.75%.
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