Poland GDP Growth Slightly Better than Estimated

The Polish economy advanced 0.7 percent on quarter in the last three months of 2014, better than a preliminary estimate of 0.6 percent. Yet, the economy eased from a 0.8 percent increase in the previous period, hurt by a slowdown in investment.

Gross fixed capital formation slowed to 1.4 percent in the last three months of 2014, after rising 2.3 percent in the previous quarter. Household consumption increased 0.9 percent, the same pace as in the previous two quarters and public spending increased 0.7 percent, the same as in Q3. 

Exports rose at a faster 2.4 percent and imports increased 3.2 percent, following 1.6 percent and 2.6 percent growth respectively in Q3.

Year-on-year, the economy expanded 3.1 percent, up by 0.1 percentage point from preliminary estimate. 

For full 2014, the GDP growth remained unrevised at 3.3 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 9:48:28 AM