Thursday November 30 2017
Polish GDP Growth Revised Up to 1.2% in Q3
Central Statistical Office of Poland (GUS) | Marta Dubiel | marta.dubiel@tradingeconomics.com

The Polish economy expanded 1.2 percent on quarter in the three months to September of 2017, above the preliminary estimate of a 1.1 percent growth and a 0.9 percent gain in the second quarter. It was the strongest growth since the last quarter of 2016, mainly boosted by robust household consumption and rising investment and exports.

Household spending remained at a strong 1.2 percent (the same as in the previous period). Also, investment advanced at a faster 1.2 percent (0.8 percent in the second quarter). Meanwhile, public expenditure slowed to 0.4 percent compared to 1.5 percent growth.

A positive contribution came also from the net trade, as exports jumped 2.7 percent compared to a 0.1 percent marginal growth in the three months to June. Meantime, imports rose 0.6 percent, rebounding from a 0.3 percent decline.

Year-on-year, the economy expanded 4.9 percent, above the preliminary estimates of 4.7 percent and a 4.0 percent gain in the previous period. It was the highest growth rate since the last quarter of 2011. A positive contribution came from household spending, which remained solid at 4.8 percent (4.9 percent in the second quarter), and a 3.3 percent rise in gross fixed capital formation (0.9 percent). Also, net trade gave a boost to the economy, as exports rose 7.6 percent (3.1 percent) and imports went up 5.7 percent (6.0 percent). Meanwhile, public expenditure rose at a slower 1.9 percent compared to 2.1 percent growth in the previous period.




Thursday August 31 2017
Poland GDP Growth Confirmed at 1.1% in Q2
Central Statistical Office of Poland | Joana Taborda | joana.taborda@tradingeconomics.com

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. 


Wednesday May 31 2017
Poland's GDP Expands 1.1% In Q1
Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Poland's economy advanced 1.1 percent on quarter in the first quarter of 2017, higher than preliminary estimates of 1 percent and following 1.7 percent expansion in the previous period.

Household spending accelerated (1.4 percent vs 1.2 percent in Q4 of 2016) and investments rebounded (0.3 percent vs -0.2 percent). In contrast, public consumption stalled (vs 0.2 percent).

The net trade contributed less positively, as exports grew at a slower 1.8 percent (from 3.1 percent in Q4 of 2016) while imports rose 3.8 percent (from 1.3 percent). 

Year-on-year, the GDP expanded 4 percent, compared to 2.5 percent growth in the third quarter of 2016, matching preliminary estimates. It was the strongest growth since the fourth quarter of 2015, mainly driven by consumer spending (4.7 percent from 4.5 percent in Q4 of 2016) and government spending (1 percent from -0.2 percent). Also, investments contracted less (-0.4 percent from -9.8 percent). Net external demand contributed less positively, as exports rose 8.3 percent (from 9.3 percent) and imports went up at a faster 8.7 percent (from 8.2 percent). 


Tuesday February 28 2017
Polish GDP Expands The Most In 9 Years
Central Statistical Office of Poland | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Poland's economy advanced 1.7 percent on quarter in the fourth quarter of 2016, following 0.4 percent expansion in the previous period and in line with preliminary estimates. It was the strongest growth since the fourth quarter of 2007.

The net trade contributed positively, as exports grew 2.8 percent (0.3 percent in Q3) while imports rose 1.9 percent (-0.1 percent in Q3). 

Meantime, household spending (0.8 percent vs 1.4 percent in Q3) and public consumption (0.6 percent vs 1.1 percent) advanced at a slower pace while gross fixed capital formation contracted less (-0.6 percent vs -2.2 percent).

Year-on-year, the GDP expanded 2.7 percent, compared to 2.5 percent growth in the third quarter of 2016, matching preliminary estimates.

 In 2016, the GDP expanded 2.8 percent, compared to 3.9 percent growth a year ago.


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.