Wednesday November 30 2016
Polish GDP Growth Confirmed At 0.2% In Q3
Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Poland's economy advanced 0.2 percent on quarter in the third quarter of 2016, following 0.8 percent growth in the previous period and in line with preliminary estimates.

The growth was mainly driven by household spending (+1.4 percent vs +0.8 percent in Q2) and public consumption (+1.1 percent vs +0.7 percent). In contrast, gross fixed capital formation contracted 2.4 percent, following a 1.7 percent decline in the previous period.

The net trade contributed negatively, as exports fell 0.4 percent (+3.1 percent in Q2) while imports declined at a slower 0.1 percent (+2.7 percent in Q2).

Year-on-year, the GDP expanded 2.5 percent, compared to 3.1 percent growth in the second quarter of 2016, the weakest growth since the third quarter of 2013.




Tuesday August 30 2016
Poland Economy Expands 0.9% in Q2
Central Statistical Office of Poland | Mojdeh Kazemi | mojdeh@tradingeconomics.com

The Polish economy advanced 0.9 percent in the second quarter of 2016, following 0.1 percent contraction in the previous period and in line with preliminary estimates.

Public spending grew 0.7 percent after shrinking 0.1 percent in the first three months of 2016. Household spending went up 0.6 percent, following a 0.9 percent gain in the previous quarter.

In contrast, gross fixed capital formation contracted 1.2 percent, following a 1.5 percent decline in the previous period.

The net exports had positive influence on economic growth and contributed +0.8 percentage points against -0.9 percentage points a quarter earlier.

Year-on-year, the GDP expanded 3.1 percent, accelerating from 3 percent growth in the first quarter of 2016. The economy is expected to expand 3.7 percent in 2016 and 3.6 percent in 2017, according to most recent spring forecasts from the European Commission.


Tuesday May 31 2016
Poland GDP Shrinks 0.1% in Q1
Central Statistical Office of Poland | Joana Taborda | joana.taborda@tradingeconomics.com

The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, reversing from a 1.3 percent expansion in the previous period and in line with preliminary estimates. It is the first contraction since the last quarter of 2012 as lower funds from the European Union dragged public spending and investment down.

Public spending shrank 0.1 percent after rising 2.4 percent in the last three months of 2015, recording the first contraction in five quarters. Gross fixed capital formation slumped 1.5 percent, following a 0.1 percent gain in the previous period.

In contrast, household spending went up 0.9 percent, following a 0.6 percent gain in the previous two quarters and the biggest growth rate in two years. 

Exports increased 1.2 percent, slowing from a 2.2 percent rise in the previous quarter and imports also grew at a slower 2.4 percent (3.8 percent in the previous quarter).  

Year-on-year, the GDP advanced 3 percent, slowing from a 4.3 percent expansion in the last three months of 2015, the weakest growth rate in nine quarters. The economy is expected to expand 3.7 percent in 2016 and 3.6 percent in 2017, according to most recent spring forecasts from the European Commission.
  


Friday May 13 2016
Poland GDP Shrinks for 1st time Since 2012
Joana Taborda | joana.taborda@tradingeconomics.com

The Polish economy contracted 0.1 percent on quarter in the first three months of 2016, compared to an upwardly revised 1.3 percent growth in the previous quarter. It is the first contraction since the last quarter of 2012, preliminary figures showed.

Lower EU funds hurt public investment and construction.

Year-on-year, the economy expanded 3 percent, lower than 4.3 percent in the last quarter of 2015 and market expectations of a 3.4 percent growth. 


Tuesday April 19 2016
Poland GDP Growth Hits 8-Year High
Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com

The Polish economy expanded by 1.5 percent on quarter in the three months to December of 2015, following an upwardly revised 1.0 percent growth in the previous quarter and above preliminary estimates of 1.1 percent, final figures showed. It was the highest value since the fourth quarter of 2007, boosted by public spending while investments and household consumption advanced at a slower pace. Year-on-year, the economy expanded by 4.3 percent compared to revised 3.4 percent growth in the previous period and above flash 3.9 percent growth.

Final consumption expenditure advanced by 1.1 percent, from 0.7 percent growth in the previous period, as government expenditure expanded 2.5 percent (+0.8 percent in Q3) while gross fixed investment grew at a slower 1.1 percent (+1.3 percent in Q3) and household consumption went up 0.5 percent (+0.6 percent in Q3). Meanwhile, net external demand dragged the expansion down as exports of goods and services rose by 3.2 percent, following a 1.9 percent growth in the previous period, while imports advanced at a faster 3.8 percent, compared to a 1.7 percent increase in Q3.

Year-on-year, the economy expanded by 4.3 percent compared to a 3.4 percent growth in the previous quarter and above preliminary estimates of 3.9 percent growth. Total consumption expenditure increased 4.4 percent (+3.0 percent in Q3), as public consumption rose 1.6 percent (+0.2 percent in Q3) and household consumption advanced by 1.5 percent (+1.9 percent in Q3). Gross fixed investments grew at a faster 1.2 percent (+0.8 percent in Q3) .


Monday February 29 2016
Polish Q4 GDP Growth Confirmed at 2-1/2-Year High
Central Statistical Office of Poland | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Polish economy expanded by 1.1 percent on quarter in the three months to December of 2015, up from a 0.9 percent growth in the previous quarter and hitting its highest value since the second quarter of 2013, final figures showed. Public spending and fixed investment were the main drivers of growth, while household consumption advanced at a slower pace and net external demand contributed negatively.

Final consumption expenditure advanced by 0.8 percent, from 0.6 percent growth in the previous period, as government expenditure advanced 1.3 percent (+0.8 percent in Q3) and gross fixed investment grew 1.3 percent (+1.2 percent in Q3); while household consumption went up at a slower 0.5 percent (+0.6 percent in Q3). Meanwhile, net external demand dragged the expansion down as exports of goods and services rose by 4.3 percent, following a 1.6 percent growh in the previous period, while imports advanced at a faster 5.6 percent, compared to a 0.9 percent increase in Q3.

Year-on-year, the economy expanded by 3.9 percent compared to a 3.5 percent growth in the previous quarter and matching preliminary estimates, as fixed investment grew at a faster 4.9 percent (+4.6 percent in Q3) while household consumption advanced by 3.1 percent, the same pace as in the previous quarter.


Monday November 30 2015
Polish GDP Growth Confirmed at 0.9% in Q3
Central Statistical Office of Poland | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Polish economy expanded by 0.9 percent on quarter in the three months to September of 2015, up from a 0.8 percent growth in the previous quarter and matching preliminary estimates, final figures showed. While exports and fixed investment were the main drivers of growth, public spending advanced at a slower pace.

Exports of goods and services expanded by 0.7 percent, following a 0.2 percent contraction in the previous period, and imports increased at a slower 0.5 percent, compared to a 0.1 percent growth in Q2.

Although fixed investment increased at a faster 1.2 percent (from +0.3 percent in Q2), total consumption expenditure advanced by only 0.6 percent, from 0.7 percent growth in the previous period. Government consumption dragged the expansion down, as it expanded at a slower 0.6 percent (from +0.7 percent in Q2); while household consumption went up at the same pace as in the previous period (+0.7 percent in Q2).

Year-on-year, the economy expanded by 3.5 percent, up from 3.3 percent growth in the previous quarter and beating preliminary estimates of 3.4 percent, as private consumption grew at a faster 3.1 percent (+3 percent in Q2). Meanwhile, fixed investment advanced by 4.6 percent, slowing from a 6.4 percent growth in the previous quarter.


Friday November 13 2015
Poland GDP Growth at 0.9%
Joana Taborda | joana.taborda@tradingeconomics.com

The Polish economy advanced 0.9 percent on quarter in the three months to September of 2015, accelerating from a downwardly revised 0.8 percent expansion in the previous quarter, preliminary estimates showed.

Year-on-year, the economy advanced 3.4 percent in the third quarter of 2015, higher than a 3.3 percent expansion in the previous period and slightly above market expectations. 

The recently elected government aims to accelerate GDP growth to 5 percent from present 3.5 percent. Both the European Commission and OECD expect the economy to grow 3.5 percent this year.


Friday August 28 2015
Polish GDP Growth Confirmed at 0.9% in Q2
Central Statistical Office of Poland | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Polish economy expanded 0.9 percent on quarter in the three months to June, slowing from 1 percent growth in the previous quarter and matching preliminary estimates. While, private consumption and fixed investment slowed, public spending was the main driver of growth.

Total consumption expenditure expanded by 0.8 percent, the same pace as in Q1, as household consumption eased to a 0.8 percent expansion (+1 percent in Q1); while government consumption grew 0.7 percent, after increasing 0.3 percent in the precedent quarter. Meanwhile, gross capital formation increased at a faster 1.4 percent (+0.7 percent in Q1). Yet, fixed investment slowed to 1.3 percent growth, after expanding 2.2 percent in the previous quarter. 

Exports rose 0.8 percent (+1.7 percent in Q1) and imports increased at a slower 0.4 percent, following a 1.4 percent growth in Q1.

Year-on-year, the economy expanded 3.3 percent, down by 0.3 percentage point from the previous quarter, as fixed investment, private consumption and total consumption grew at a slower 6.4 percent (+11.4 percent in Q1), 3 percent (+3.1 percent in Q1), and 2.9 percent (+3.1 percent in Q1), respectively. By contrast, domestic demand advanced faster by 3.3 percent (+2.6 percent in Q1).


Friday August 14 2015
Polish GDP Growth Slows in Q2
joana.ferreira@tradingeconomics.com

The Polish economy expanded 0.9 percent on quarter in the three months to June, easing from a 1 percent growth in the previous period, preliminary estimates showed.

The detailed data will be only available on August 28th, but it is expected that the quarterly growth was supported mainly by both domestic and foreign demand, according to the director at the statistics office. 

Year-on-year, the economy expanded at a slower 3.3 percent percent, following a 3.6 percent growth in the first quarter of 2015, but below market expectations. While industry and trade were the main contributors to the slowdown of  the annual economic growth, investments and consumption expanded, according to the same source.