Poland’s unemployment rate fell to 4.9% in June from 5.1% in May, the Central Statistical Office (GUS) reported on July 25. The number of registered unemployed measured 818,000 in June against 850,200 in the previous month, GUS also said. Earlier, the Family and Social Policy Ministry estimated June’s unemployment at 4.9%. (The First News/Business World…
The Sejm, the lower house of parliament, on July 22 passed the government’s 2021 budget report and execution of the budget in a 228 to 216 vote with one abstention. According to the report, budget revenues for 2021 came to PLN 494.8 billion (EUR 103.6 billion) against a planned PLN 482.9 billion (EUR 101.1 billion),…
Poland’s retail sales increased in real terms by 3.2% YoY, but fell by 1.4% MoM in June, the Central Statistical Office said on July 21. Economists polled by PAP expected June’s retail sales to grow in real terms by 6.8% YoY and by 0.7% MoM. In current prices, retail sales increased by 19.9% YoY in…
Poland’s debt increased by PLN 11.5 billion (EUR 2.41 billion), or by 1%, in June from the month before and reached PLN 1,179 billion (EUR 247 billion), the Finance Ministry reported. The share of foreign currency debt in the total sum reached PLN 263.5 billion (EUR 55.26 billion), or 22.3%, while debt in the domestic…
Poland’s average corporate gross monthly wage rose by 13% YoY, to PLN 6,554.87 (EUR 1,375) in June, the Central Statistical Office (GUS) said on July 20. In monthly terms, the average wage rose by 2.4%. Economists polled by PAP expected a 13.3% annual increase in the corporate wage in June and a 2.7% monthly growth.…
Poland’s industrial output rose by 10.4% YoY in June, the Central Statistical Office (GUS) reported on July 20. Month on month, industrial output decreased by 0.3%. Economists polled by PAP expected June’s manufacturing to grow by 11.2% YoY and by 0.9% MoM. Seasonally adjusted industrial production went up by 10.5% YoY, but declined by 0.9%…
The Polish government is looking into ways of increasing the tax burden for state-owned companies that note stronger profits owing to rising prices of commodities, the government spokesperson has said. Piotr Mueller was commenting on July 18 on hints made by Prime Minister Mateusz Morawiecki several days ago. Morawiecki said that in the case of…