Global| Sep 25 2012Poland Updates
Summary
Haver's updates today include several for Poland. Most of them show that the Polish economy, that had outperformed many of its Eastern European neighbors, is now continuing to slow down.The index of industrial production has [...]
Haver's updates today include several for Poland. Most of them show that the Polish economy, that
had outperformed many of its Eastern European neighbors, is now continuing
to slow down.The index of industrial production has fluctuated
between 144.6 (2005=100) and 150.3 so far this year and was 147.4 in
August down from 148.0 in July. After virtual
stability in the first four months of this year at between 12.4% and
12.5%, the unemployment rate had increased to 13% by August. The
unemployment rate and the index of Industrial Production are shown in the
first chart.
The year to year change in Retail Trade in constant prices has decelerated markedly during the year, from 9.9% in January to 2.3% in August. Average monthly wages and salaries have shown a similar trend, decelerating from 11.5% in January to 2.6% in August. The second chart shows longer term trends in monthly wages and salaries and Retail Trade.
The September balances of opinion for the Business Tendencies Series, that are shown in the third chart, have all become more pessimistic and suggest further declines in the Manufacturing, Construction and Retail sectors of the economy.
The data for Poland can be found in the EMERGE and EMERGECW databases.
| Sep12 | Aug12 | Jul12 | Jun12 | May12 | Apr12 | Mar12 | Feb12 | Jan12 | |
| Industrial Production (2005=100) | -- | 147.4 | 148.0 | 144.6 | 147.4 | 148.1 | 145.0 | 147.8 | 150.3 |
| Unemployment(%) | -- | 13.0 | 12.9 | 12.9 | 12.6 | 12.5 | 12.4 | 12.5 | 12.5 |
| Retail Sales in Const Prices (Y/Y %) | 2.3 | 3.4 | 2.6 | 4.3 | 1.8 | 6.9 | 8.9 | 9.9 | -- |
| Avg Mthly Wages&Salaries (Y/Y %) | -- | 2.6 | 2.4 | 5.6 | 4.6 | 3.2 | 5.7 | 3.1 | 11.3 |
| Manufacturing | -7.7 | -5.3 | -4.4 | -1.1 | -2.0 | -1.5 | -0.9 | -0.1 | -1.7 |
| Construction | -23.8 | -19.2 | -18.4 | -20.8 | -14.4 | -14.2 | -10.6 | -14.6 | -12.5 |
| Retail | -8.4 | -6.9 | -6.0 | -6.9 | -6.0 | -5.0 | -3.0 | -4.4 | -4.2 |
