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The Warsaw Voice » Business » September 22, 2017
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Consumption still on the rise
September 22, 2017   
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Private consumption in Poland is proving resistant to the fading impact on growth of Poland's child benefit program, retail sales data and consumer sentiment readings show.
The consumer sentiment indicator published by stats office GUS edged down in September by a mere 0.7 pps, but remained positive for a fifth month in a row.
Consumption growth will remain at around 5% year on year in H2, most economists now agree.
Child benefits were not the main reason for consumption acceleration in early 2017, but rather an element which helped tip the scales, BGK bank economist Tomasz Kaczor claims. The benefit program dovetailed with falling unemployment and rising wages, drivers which are still in place, he said.
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