Polish Economy Expands 0.4% QoQ in Q2


In the second quarter of 2013, Polish GDP expanded a seasonally adjusted 0.4 percent quarter-on-quarter, following a 0.2 percent increase in the first three months of 2013, boosted by higher public spending and resilient exports.

On the expenditure side, growth rate in the industrial sector accelerated to a seasonally adjusted 2.6 percent, from 1.1 percent in the previous quarter. Construction went up 5.6 percent and trade and repair of motor vehicles increased 0.9 percent. 

Both transportation and accommodation activities increased in the second quarter 0.4 percent and 1.2 percent respectively, from a 0.6 percent contraction in the previous three-month period.

In contrast, financial and insurance activities shrank by 2.8 percent.

On the expenditure side, while household consumption remained unchanged in the second quarter, public spending accelerated to a seasonally adjusted 1.6 percent quarter-on-quarter. Exports went up by 1.6 percent and imports shrank 2.5 percent. 

Gross fixed capital formation dropped by 1.4 percent, a deep decline unrecorded for years. 

Year-on-year, the GDP grew 0.8 percent in the second quarter, following a 0.5 percent increase in the first quarter.

Polish Economy Expands 0.4% QoQ in Q2


Joana Taborda | joana.taborda@tradingeconomics.com
8/30/2013 10:25:45 AM