Polish Economy Rebounds in Q3

Poland's GDP expanded by 0.6 percent quarter-to-quarter from July to September compared to 0.4 percent growth in the previous three month period, according to a flash estimate published by statistics office GUS.

The acceleration in growth most likely came from an improvement in domestic demand, in part as a result of stronger consumer spending and a slight improvement in fixed investment.

The central bank last week pledged to keep its main interest rate at a record low until mid-2014. In September, retail sales rose for a fifth month and in October manufacturing expanded the most in more than two years.

From a year earlier, GDP climbed 1.9 percent compared with a 0.8 percent advance reported in the previous quarter.

Polish Economy Rebounds in Q3

Anna Fedec | anna@tradingeconomics.com
11/14/2013 12:10:18 PM