Polish GDP Growth Confirmed At 0.2% In Q3
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.
11/30/2016 9:18:31 AM
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.