Poland’s retail sales increased in real terms by 1.6% YoY, but fell by 0.3% MoM in November, the Central Statistical Office said on December 21. Economists polled by PAP expected November’s retail sales to grow in real terms by 0.3% YoY and drop by 0.6% MoM. In current prices, retail sales increased by 18.4% YoY…
In December, 34.7% of the Polish public saw the situation in Ukraine as a major threat to the Polish economy, down by 2% MoM, the Central Statistical Office (GUS) reported. The situation in Ukraine was perceived as a moderate threat by 44.5% of respondents (-0.1%) and as a low threat by 16.5% (+2.1%). A further…
The European Commission (EC) on December 20 okayed the Polish government’s EUR 1.1-billion support scheme for energy-intensive firms. Under EU rules, state aid must be approved by the EU to avoid unfair competition, but soaring energy costs in the wake of the post-Covid supply chain bottlenecks and Russia’s invasion of Ukraine have hit energy-intensive companies…
Poland’s average corporate gross monthly wage rose by 13.9% YoY, to PLN 6,857.96 (EUR 1,463) in November, the Central Statistical Office (GUS) said on December 20. In monthly terms, the average wage went up by 2.5%. Economists polled by PAP expected a 12.9% annual increase in the corporate wage in November and a 2% rise…
Poland’s industrial output rose by 4.6% YoY in November, the Central Statistical Office (GUS) reported on December 20. Month on month, industrial output increased by 2.9%. Economists polled by PAP expected November’s industrial production to grow by 2.5% YoY and by 0.4% MoM. Manufacturing prices increased by 20.8% YoY, but fell by 0.5% MoM, GUS…
The total outstanding debts of Polish consumers grew by PLN 4.9 billion (EUR 1.04 billion) over the twelve months till October and reached PLN 77.4 billion (EUR 16.50 billion), a debt registry reported. According to BIG InfoMonitor and the BIK debtor database, about 2.7 million Poles had problems with paying their debts as of October.…
59% of Poles are planning to spend no more than PLN 100 (EUR 21) on Christmas gifts for a single person this year, a survey has found. 47% of people declared the PLN 50-100 price range and 12% are planning to spend even less than PLN 50, according to a survey by UCE Research and…