Poland’s national statistics office, GUS, wrote on November 22 that Poland’s industrial output rose by 6.8% YoY in October against an 8% annual growth expected in a PAP consensus survey. Compared to the previous month, it shows a decrease by 0.7%. Analysts surveyed by PAP expected a 0.2% monthly increase. Seasonally adjusted industrial output rose…
Poland’s rising trade deficit is mainly caused by high prices, a government-sponsored think tank has said. Poland’s trade deficit hit EUR 14.7 billion after September, the Central Statistical Office (GUS) reported on November 17. Marek Wasinski, an expert with the Polish Economic Institute (PIE), said in a comment to the GUS data that the growth…
PKP Intercity, Poland’s leading passenger railway service, carried a record number of passengers as of mid-November. Since January, PKP Intercity has serviced more than 50 million passengers, according to a statement released on November 17. This is the best result since 2019 when, in the same period, nearly 49 million people traveled on the carrier’s…
Poland’s general government deficit will likely be lower in 2022 than the 4.7% of GDP the government has assumed in the budget law for next year, the central bank’s rate-setting body has said. When preparing the state budget for next year, the government also included its updated expectations concerning key economic figures for the current…
Polish GDP growth will slow to around 1.0-1.5% in the fourth quarter of 2022, the Polish Economic Institute (PIE), a government think-tank, said on November 15 in reaction to the latest figures from the Central Statistical Office (GUS). Poland is currently battling an inflation rate that hit 17.9% last month, while having to contend with…
Increases in food prices in Poland will be the biggest in Q4 and will slow in subsequent quarters to single-digit growth expected in Q4 2023, the National Bank of Poland (NBP) has forecast in its November inflation report. The NBP published the report on November 14 and projected that food price growth would stand at…
Poland’s GDP is expected to rise to 4.6% in 2022, according to projections from Poland’s central bank released on November 14. The bank also put GDP at 0.7% in 2023 before rising to 2% in 2024 and 3.1% in 2025. The central bank also predicts that Consumer Price Index inflation will run at 14.5% in…