Poland's unemployment rate fell to 19.3 percent in July from 19.5 percent in June while retail sales soared by 10.3 percent, official figures showed Monday
Published:
30 August 2004 y., Monday
Poland's unemployment rate fell to 19.3 percent in July from 19.5 percent in June while retail sales soared by 10.3 percent, official figures showed Monday.
The data confirm a broader picture of strong economic growth in Poland, the largest of the eight former communist countries to join the European Union May 1.
The statistical office also said it expected gross domestic product to grow by around 6 percent year-on-year in the second quarter of the year after year-on-year growth of 6.9 percent in the first quarter.
Economists have been closely watching Polish statistical data recently for clues about the prospects for further interest rate hikes. The statistical office said it expected year-on-year inflation to come in at around 4.8 or 4.9 percent in August, up from 4.6 percent in July.
Šaltinis:
washtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »