Poland’s Q3 GDP hits 3.5 per cent; investments grow 4.6 per cent

Poland’s economy grew by an annual rate of 3.5% in the third quarter of the year, led by 4.6% growth in investments, estimates from the stats office GUS showed.

The figure came slightly above the 3.4% flash estimate released on November 13.

In seasonal adjusted quarterly terms, Q3 GDP increased by 0.9% q/q, after confirmed 0.8% quarterly growth in Q2, GUS also noted.

NATIONAL ACCOUNTS (seasonally unadjusted):

2015 Q3 2015 Q2
% y/y % y/y
GDP 3,5 3,3
total consumption 2,9 2,9
individual consumption 3,1 3,1 *
fixed capital formation 4,6 6,1 *
domestic demand 3,2 3,1 *
gross value added 3,4 3,2 *
industry 4,9 5,1 *
construction 4,4 3,5
export 3,9 4,8 *
imports 3,1 4,5 *

Analysts surveyed by PAP before the flash estimate release expected a headline growth of 3.4% in Q3, on a 3.5% increase in domestic demand and 6.9% growth of investments.

nik/ maf/ mbn

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