EconMin estimates Polish investments growth at 4.3% y/y in Q1 of 2014

By bne IntelliNews May 28, 2014

Poland's investments continued their moderate revival as they increased by 4.3% y/y in Q1 of 2014, according to estimates of the ministry of economy. In Q4 of 2013, gross fixed capital formation rose by 2.0% y/y.

National stats office GUS said in its flash estimate that the Q1 GDP growth was 3.3% y/y (up from 2.7% y/y in Q4 of 2013), but it is due to present its new estimate together with details on the growth's break-down on May 30.

Meanwhile, the ministry's experts expect consumption's growth at 2.2% in Q1 of 2014. In the previous quarter, total consumption rose by 2.4% y/y.

They also deem that net exports' contribution to GDP growth inched down to 0.9pps in Q1 of 2014 from 1.0pps a quarter earlier.

Overall, the ministry deems that enterprises' fears concerning their future have diminished and firms have started to implement their investment programmes.

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