RTTNews - Friday, Poland's Central Statistical Office said in a report that the gross domestic product or GDP rose 0.8% year-over-year in the first quarter, slower than the 2.9% increase in the previous quarter. The GDP came in line with economists' expectations. A year earlier, the GDP had grown 6.1%.
Sequentially, the GDP increased a seasonally adjusted 0.4% in the first quarter, after a flat reading in the previous quarter. A year ago, the GDP was up 1.1%.
Meanwhile, the gross value added in real terms increased 0.1% in the first quarter, marking the same pace as in the previous quarter. At the same time, the domestic demand dropped 0.8%.
The total consumption increased 1.3%, while individual consumption rose 1.2%.
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