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