Polish companies will start to reduce employment costs when they are no longer able to pass rising costs on to consumers, an economist from business lobby Lewiatan has warned. Poland’s Purchasing Managers’ Index (PMI) rose to 43.0 points in September 2022 from 40.9 points in August, economic researcher S&P Global reported on October 3. In…
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in August, Eurostat, the EU’s statistical office, reported. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted data, remained unchanged MoM in August, at 6.6%. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment rate went down…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.2% YoY and by 1.6% MoM in September, the Central Statistical Office (GUS) reported in a flash estimate. Economists polled by PAP Business estimated that September’s CPI would reach 16.6% YoY and 1% MoM. In August, the prices of consumer goods and services…
Poland’s average corporate gross monthly wage rose by 10.8% YoY, to PLN 6,196.99 (EUR 1,274) in the first half of 2022, the Central Statistical Office (GUS) reported. The number of employed people in the 38-million nation went up by 1.6% as of June 30 and reached 9,761,000. In the first half of 2022, average employment…
The degree of digitisation of the Polish banking sector is above the global average, a study by the consulting company Deloitte has shown. The “Digital Banking Maturity 2022” report, published on September 29, is based on an analysis of 304 banks in 41 countries. The banks analysed were divided into four categories: digital champions who…
Rating agency Standard and Poor’s (S&P) has downgraded Poland’s economic growth forecast to 4% in 2022 from 4.5%. At the same time, S&P has lowered its forecast regarding Poland’s economic growth in 2023 from 2.1% to 1.2%, the company has said in a report published on September 28. The downward forecast revision “reflects a larger…
Poland’s budget deficit is likely to come to PLN 65 billion (EUR 13.5 billion) in 2023 under a budget bill approved by the government on September 28. Piotr Mueller, the government spokesman, said that the bill had been backed by the Cabinet. It will now go to the Sejm, the lower house of the Polish…