Poland's Fixed Investment Falls In 2Q, Weighing On Growth
30 August 2016 - 7:06PM
Dow Jones News
By Martin M. Sobczyk
WARSAW--Fixed investment in Poland continued to decline in the
second quarter, with the public sector responsible for much of the
contraction, the country's statistics office said on Tuesday.
It confirmed an earlier estimate of Polish economic growth at
3.1% in annual terms in the second quarter of this year.
Fixed investment fell 4.9% in annual terms, shrinking for the
second quarter in a row. The worst pace of decline of investments,
around 15%, was recorded in the public sector, said Maria Jeznach,
director at the statistics office.
The construction sector pulled growth down, shrinking 9.6% in
annual terms, while transportation and trade continued to
expand.
Consumption supported Poland's economic growth, with household
spending up 3.3%, the statistics office also said.
Write to Martin M. Sobczyk at martin.sobczyk@wsj.com
(END) Dow Jones Newswires
August 30, 2016 04:51 ET (08:51 GMT)
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