Poland shows signals of gradual recovery across sectors - GUS
September 25, 2013
Poland is showing indications of continuing gradual economic recovery across numerous sectors, but the economy remains quite dependent on net exports for overall growth and pending data remains critical to that outlook, the Central Statistical Office’s top official said Tuesday.
"There are indications allowing to expect a gradual strengthening of positive growth trends, but a lot depends on September," the deputy chief of GUS, Halina Dmochowska, told reporters Tuesday.
Signals can be found in "many sectors" to "point to gradual recovery," she said.
While net exports "is a significant factor generating growth," she said, the statistical office sees "certain symptoms showing improved domestic demand," including recent readings of retail sales.
Polish retail sales increased at an annual rate of 3.4% in August, on a 0.7% monthly decline, GUS said earlier on Tuesday . That beat the Polish news agency’s (PAP) consensus estimate for 2.8% annual growth.