Unemployment drops in line with forecasts
PR dla Zagranicy
John Beauchamp
25.11.2014 13:09
Poland’s Central Statistical Office (GUS) has published new unemployment figures for October, with the figure standing at 11.3 percent.
Glowimages
Photo: Glowimages
The figure marks a two percentage point drop over the previous month, with the number at its lowest in four years.
Analysts polled by daily Puls Biznesu expected unemployment to drop from September’s 11.5 percent to 11.4 percent in October.
Monika Kurtek, Chief Economist at Bank Pocztowy, told Polish Radio that she expects the figure to remain unchanged in November and only rise slightly in December.
On Tuesday, GUS also released retail sales figures for October. These rose by 2.3 percent over the previous year.
Bank Pocztowy’s Kurtek said that the improving state of the economy could induce Poles to spend more. In a conversation with Polish Radio, Kurtek said that compounded with deflation, Poles can afford a larger basket of goods that even a few months ago. (rg/jb)