Trade Balance in Poland
Poland - Trade Balance (Euros)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 (EUR) Data
|Trade Balance (EUR billion)||2.2||2.9||1.4||-4.8||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Poland Trade Balance (EUR) Chart
Source: National Bank of Poland.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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December 5, 2022
GDP growth decelerated to 3.6% year on year in the third quarter, from 5.8% in Q2, amid notable decelerations in consumer spending and fixed investment growth.
December 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 43.4 in November, up from 42.0 in October.
November 28, 2022
Inflation came in at 17.9% in October, which was up from September’s 17.2%.
November 25, 2022
Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020.
November 24, 2022
Retail sales grew 18.3% in year-on-year terms in October, which followed September's 21.9% increase.