Polish retail sales went up by 7.6% YoY in July after a 7.9% increase in June, Eurostat, the EU’s statistics agency, reported on September 5. Month on month, retail sales went up by 1.5%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
The exchange programme of the Ukrainian national currency, the hryvnia, for Polish zlotys, launched by the National Bank of Poland (NBP) in cooperation with the National Bank of Ukraine, ends on September 9, the central bank has reported. Ukrainians who fled to Poland initially had trouble exchanging money with exchange offices either not accepting the…
The second half of next year should bring inflation down below 10%, according to Pawel Borys, head of the Polish Development Fund (PFR). On August 31, Poland’s statistical office said August inflation stood at 16.1% YoY and increased by 0.8% MoM. Borys said that he believed Poland’s inflation would not exceed 20% this year, while…
Poland’s seasonally adjusted unemployment rate remained unchanged at 2.6% in July from the previous month, Eurostat, the EU’s statistical office, reported on September 1. The unemployment rate in the eurozone countries, according to seasonally adjusted data, went down to 6.6% in July against 6.7% in June. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment…
Poland’s economy is slowing down, with a GDP drop to 2.7% expected in Q3, after a drop from 8.5% to 5.3% in Q2, a state-owned think tank reported on August 31. According to the Polish Economic Institute (PIE), until the end of Q4 inflation will be at 14.5% but should rise to 15.6% in February…
Poland’s Gross Domestic Product (GDP) increased by 5.5% YoY in the second quarter, the Central Statistical Office (GUS) said on August 31. The figure is higher than the previous flash estimate, in which GUS said that in Q2 growth would be 5.3% YoY. In Q1, the country’s GDP rose by 8.5% YoY, GUS said. Investment…
As many as 87% of Poles feel strongly affected by increased food prices, a survey revealed on August 31. 71% said they were the most hit by rising fuel costs, while 45% named utility costs. According to the Payback Opinion Poll run by Payback Polska, rising inflation has forced Poles to cut their spending. When…