Poland: retail sales up in August 2022

Poland’s retail sales increased in real terms by 4.2% YoY and by 1% MoM in August, the Central Statistical Office said on September 21. Economists polled by PAP expected August’s retail sales to grow in real terms by 3% YoY and remain unchanged (at 1.2%) month on month. In current prices, retail sales increased by…

Georgia: economy to grow in 2022-2023

The Asian Development Bank projects the Georgian economy to grow by 7% in 2022, “driven by higher export and tourism revenue, a large inflow of money transfers, and strong private consumption”, the bank said in a report on September 21. The ADB also forecast Georgia’s real gross domestic product growth to be 6% in 2023,…

Poland: industrial production up in August 2022

Poland’s industrial output rose by 10.9% YoY in August, the Central Statistical Office (GUS) reported on September 20. Month on month, industrial output increased by 0.7%. Economists polled by PAP expected August’s industrial production to grow by 9.8% YoY and to fall by 0.1% MoM. Manufacturing prices increased by 25.5% YoY and by 0.8% MoM,…

Georgia: economy up in Q2 2022

The Georgian economy grew by 7.1% YoY in the second quarter of 2022, while the gross domestic product deflator percentage change equaled to 8.2%, the latest data from the National Statistics Office of Georgia showed. Geostat also said that the nominal GDP amounted to GEL 17.97 billion (about $6.37 billion). Significant contributions to the real…

Georgia: external trade turnover up in January-August 2022

Turkiye ($1.78 billion), Russia ($1.47 billion) and China ($1.22 billion) were the top trading partners of Georgia in its total external trade turnover in January-August, preliminary data from the National Statistics Office of Georgia showed. Georgia’s top partners by exports in January-August were China ($502.6 million), Azerbaijan ($421.5 million) and Russia ($409.3 million), while the…