Polish GDP Advances 0.6% in Q2

The Polish economy advanced a seasonally adjusted 0.6 percent in the second quarter of 2014, matching flash estimates. The GDP grew at its slowest pace in five quarters, hurt by a slowdown in investment and a drop in exports.

On a quarter-on-quarter seasonally adjusted basis, exports shrank 1.7 percent, following a 2.3 percent expansion in the previous period. Gross fixed capital formation rose at a slower 2.3 percent (3.3 percent in the previous quarter) and imports grew a meager 0.2 percent. 

In contrast, individual consumption increased 0.7 percent (0.6 percent in Q1) and public spending expanded slightly by 0.7 percent, following a 0.2 percent fall in the previous quarter.

Year-on-year, the economy advanced a revised 3.3 percent in the April to June period, slightly up from a 3.2 percent expansion initially reported. In the first half of 2014, GDP was 3.4 percent higher compared with the corresponding period of the previous year.

Polish GDP Advances 0.6% in Q2

Central Statistical Office | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2014 9:46:42 AM