Figures from Polish trade

In the two first months of 2014, Poland’s exports have increased, according to the Central Statistical Office GUS in Warsaw, by 3.5% to 25.3 billion EUR. Imports increased by only 1.8% and remained at almost the same level. The trade deficit decreased to only 31 million EUR. Poland’s exports to the EU increased on average by 5.2%, exports to developed countries outside the EU have also increased even more (CIS data from 15 April, 2014).

Expectations from retail

Sales in Polish retail in March were, in price-adjusted terms, 3.3% higher than last year. Analysts had actually expected an increase of 5.9%. Sales of food were lower by almost 8%, compared with March 2013. Nevertheless, other indicators are rising, as the situation on the labour market improves further: In March unemployment rate fell by 0.4%, back to 13.5% (CIS information of 24 April, 2014).