Poland’s unemployment rate remained unchanged month on month in July 2022 at 4.9%, the family and labour minister said. “July’s unemployment rate went down by 1% YoY,” Marlena Malag told a Polsat News private television programme. Malag added that the number of registered unemployed fell to 811,000 in July, down from 820,000 in June. The…
Poland’s State Treasury will buy out shares in the Polish Mining Group (PGG), Europe’s biggest coal mining conglomerate, from four shareholders in which the Treasury has stakes. The State Treasury will buy 20.43% of shares in PGG from PGNiG Termika, 15.32% of shares from PGE Gornictwo i Energetyka Konwencjonalna, 7.66% from Enea and 15.32% from…
Polish retail sales went up by 9.3% YoY in June after an 11.2% increase in May, Eurostat, the EU’s statistics agency, reported on August 3. Month on month, retail sales went down by 1%, the agency also said. Eurostat annual growth figures are work-day adjusted, while the monthly growth figures are also seasonally adjusted. Eurostat…
Poland’s Purchasing Managers’ Index (PMI) fell to 42.1 points in July from 44.4 points in June, economic researcher S&P Global reported on August 1. Economists polled by PAP predicted the PMI would reach 43.7 points in July. The July reading was the lowest since May 2020. High inflation and lower demand resulting from poor economic…
Poland’s inflation, which reached 15.5% in July, would start going down after the summer holidays and would fall within the central bank’s target range in 2024, said Adam Glapinski, governor of the National Bank of Poland (NBP). “Of course, we have a very acute inflation,” Glapinski told the Sieci weekly on August 1. “It will…
Poland recorded a PLN 27.7-billion (EUR 5.78-billion) state budget surplus after the first six months of 2022, the Ministry of Finance said. Poland’s budget revenue reached PLN 263.6 billion (EUR 54.92) in January-June 2022 and was PLN 29.7 billion (EUR 6.19 billion) or 12.7% higher compared to the same period of 2021, the ministry said.…
The Standard & Poor’s (S&P) Global Ratings agency has lowered Poland’s GDP growth forecast in 2023 from the April figure of 3.1% to 2.1%, but raised its estimate for this year from 3.6% to 4.5%. The agency forecasts GDP growth in Poland in 2024 at 2.6% and at 2.4% in 2025. S&P forecasts the general…