Polish GDP grew last year by 3.4% – Central Statistical Office announced in today’s press release. This is a better result than expected, as earlier estimates indicated GDP growth of 3.3%. From the statement published by the Central Statistical Office also shows that in the fourth quarter of 2014. GDP grew by 3.3%. Earlier estimates indicated growth of 3.1%. Deficit of the general government in the past year amounted to 3.2% of GDP, compared to 4% a year earlier, while sector debt reached 50.1% of GDP as compared to 55.7% of GDP – due to the publication of the Central Statistical Office.
And this is not the end of good data from the domestic economy. The average wage in the corporate sector rose in March in Poland by 4.9% and amounted to more than 4214 dollars. Expected increase of 3.4%. On the other hand, employment in the enterprise sector increased by 1.1%.
decreasing number of European countries in which statisticians record price deflation – Eurostat announced today. Prices of consumer goods and services in the euro zone fell in March by 0.1% year on year. The reading is consistent with the expectations of economists. Deflation was observed in a total of 12 EU countries to 20 countries in the previous month. Interestingly, the rate of decline in prices in Poland is one of the largest in the community.
Positive data has arrived to us from British labor market. The unemployment rate in the UK fell in February from 5.7% to 5.6%, and is at its lowest level since July 2008. The average salary in the UK is 1.7% higher than a year ago – was expected to increase by 1.8%.
WIG20 began the session below the mark, but soon found himself on it. It did not take too long. Before 11am Warsaw Stock Exchange followed in the footsteps of other European exchanges and began to decline. The supply side dominated the end of Friday’s session. WIG20 ends this week the level of 2464 points on Friday, falling by almost 1.6%. The decrease WIGu30 was almost the same, and the broad market index WIG lost during today’s session 1.26%.
Quotations WIG20, Intraday, source: Teletrader.com
Among the blue-chip index companies Warsaw Stock Exchange today we have few bright spots. Rose only three companies – Bogdanka (1.32%), Tauron (0.83%) and Eurocash (0.22%). As many as five lost on Friday more than 2%. Synthos shares fared the worst. Cleaning company lost more than 4.3% today.
Quotations Synthos, Intraday, source: Teletrader.com
Effect of Greece was now clearly visible on European stock exchanges. Athens fell the most, of course, by nearly 2.5% fall in Madrid and Frankfurt. No better began trading at Wall Street – from the beginning of Friday’s session clearly lose indexes.
On Monday shape session can have the greatest impact the decision taken at the weekend ws. Greece, or statements of people involved in the negotiations. In Poland, however, will be published data on industrial production in March.
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