Poland: debt to GDP on downward path

Poland’s public debt in relation to GDP continues on downward trend, Prime Minister Mateusz Morawiecki has announced. On July 26, Morawiecki published Eurostat data on the Polish debt-to-GDP ratio on social media. According the EU statistical office, in the first quarter of 2022 Polish public debt reached 51.9% of GDP, in the fourth quarter of…

Poland: unemployment down in June 2023

Poland’s unemployment rate fell by 0.1% MoM in June, to 5 %, the Central Statistical Office (GUS) reported on July 25. The number of registered unemployed measured 783,500 in June against 802,300 in May, GUS said. Earlier, the Family and Social Policy Ministry also estimated June’s unemployment rate at 5%. Economists polled by PAP expected…

Poland: retail sales down in June 2023

Poland’s retail sales decreased in real terms by 4.7% YoY, but rose by 0.9% MoM in June, the Central Statistical Office reported. Economists polled by PAP expected June’s retail sales to fall in real terms by 4.9% YoY and to grow by 1% MoM. In current prices, retail sales increased by 2.1% YoY in June…

Poland: industrial production down in June 2023

Poland’s industrial output fell by 1.4% YoY in June, the Central Statistical Office (GUS) reported on July 20. Month on month, industrial output increased by 1.2%. Economists polled by PAP expected June’s industrial production to fall by 1.6% YoY and to increase by 1.5% MoM. Manufacturing prices increased by 0.5% YoY in June and fell…