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…
Labour market reforms and investments to increase productivity could raise potential economic growth in Poland to 4% a year between 2022 and 2030, the World Bank has said in a report. This year and next the economy may slow down due to inflation and other factors. The report noted that the Polish economy had “quickly…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 15.5% YoY and by 1.5% MoM in June, the Central Statistical Office (GUS) reported. The final figure is 0.1% lower than the flash estimate for June published by GUS two weeks ago. In May, the prices of consumer goods and services increased by…