Poland GDP Growth Confirmed at 1.1% in Q2


The Polish economy advanced 1.1 percent on quarter in the three months to June of 2017, the same as in the previous period and in line with the preliminary estimate. Household spending was the main driver of the expansion while net trade weighed down on the growth, final figures showed.

Household spending went up 1.3 percent, the same as in the previous period while public expenditure (1.5 percent compared to 0.1 percent in the previous period) and gross fixed capital formation (0.5 percent compared to 0.3 percent) rose faster.

On the other hand, exports stalled (1.2 percent in the previous period) and imports edged up a meager 0.1 percent (3.6 percent in the previous period). 

Year-on-year, the economy advanced 3.9 percent, slightly below 4 percent in the previous quarter and in line with the preliminary estimate. Net traded posted the strongest drag on growth in nearly three years as exports rose 2.8 percent and imports went up at a much faster 6.1 percent. On the other hand, gross fixed capital formation came back to growth (0.8 percent) after five consecutive quarters of decline. Household spending jumped 4.9 percent and public expenditure rose 2.4 percent. 

Poland GDP Growth Confirmed at 1.1% in Q2


Central Statistical Office of Poland | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2017 9:39:15 AM