Unemployment in Poland
Poland - UnemploymentAfter a historic plunge in activity in Q2, recent data hints at a recovery in Q3. Industrial production swung to expansion in the quarter, hitting an over one-year high in September. Moreover, retail sales rebounded in July–September, suggesting that household spending firmed in the quarter. Meanwhile, merchandise exports bounced back from Q2’s contraction in July–August and the PMI remained in expansionary territory throughout the quarter. Turning to Q4, economic prospects are bleaker. Business sentiment in the manufacturing sector deteriorated in October, likely owing to the rapidly increasing number of new Covid-19 cases, which could weigh on activity in the final months of the year. In other news, following a court ruling on 22 October that effectively banned almost all abortions, nationwide protests have broken out, defying the Covid-19-induced restrictions on public gatherings.
Poland - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Poland Unemployment Chart
Source: Central Statistics Office.
|Bond Yield||2.07||-0.30 %||Dec 31|
|Exchange Rate||3.79||-0.53 %||Jan 01|
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July 21, 2021
Industrial output increased 18.4% compared to the same month a year earlier in June, down from May's 29.7% increase.
July 21, 2021
Retail sales expanded 13.0% year-on-year in June (May: +19.1% yoy).
July 15, 2021
Consumer prices rose 0.10% from the previous month in June, coming in below May's 0.30% increase.
July 13, 2021
At its meeting on 8 July, the National Bank of Poland (NBP) left the reference rate on hold at 0.10%, which was in line with market expectations.
July 1, 2021
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 59.4 in June, up from May's 57.2 and marking the strongest reading on record.