Polish GDP Growth Confirmed at 0.9% in Q2

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).

Polish GDP Growth Confirmed at 0.9% in Q2

Central Statistical Office of Poland | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/28/2015 9:27:30 AM