Unemployment in Poland
Poland - UnemploymentFollowing the first quarter’s strong outturn, which was buttressed by upbeat domestic demand and a supportive external sector, momentum likely carried over into Q2. Surging industrial production and retail sales in April-May suggest the country’s industrial sector has so far dodged industrial weakness in the EU, and that a tight labor market coupled with swiftly rising wages are underpinning consumer spending. In the political arena, following May’s European elections, the government reshuffled many senior ministers, including the finance minister. Confirming the expectations of analysts, who see the new finance minister as more likely to loosen the purse strings, in June the government approved plans to raise the tax-free allowance for workers under 26 by more than 12-fold. Meanwhile, on 24 June, the EU’s top court ruled that Poland’s judiciary reform breached EU law, which means the country has to reverse the changes or face penalties.
Poland - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Poland Unemployment Chart
Source: Central Statistics Office.
|Bond Yield||2.29||-0.30 %||Jul 11|
|Exchange Rate||3.79||-0.53 %||Jul 11|
|Stock Market||60,362||-1.13 %||Jul 11|
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July 19, 2019
Nominal retail sales rose 5.3% year-on-year in June, coming in below May’s 7.3% jump.
July 19, 2019
Industrial output fell 2.7% year-on-year in June, contrasting May’s 7.7% jump and marking the worst reading in nearly three years, according to the Central Statistical Office (GUS).
July 3, 2019
The National Bank of Poland (NBP) kept the reference rate unchanged at a record low of 1.50% at its 2–3 July monetary policy meeting, as had been widely expected.
July 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), released by IHS Markit, edged down to 48.4 points in June (May: 48.8 points).
June 28, 2019
Consumer prices rose 0.3% month-on-month in June, following May’s 0.2% uptick, according to data released by the Poland’s Statistical Institute (GUS).