{"id":5555,"date":"2026-06-01T09:12:47","date_gmt":"2026-06-01T09:12:47","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=5555"},"modified":"2026-06-01T09:12:55","modified_gmt":"2026-06-01T09:12:55","slug":"polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/","title":{"rendered":"Poland\u2019s GDP Growth Reaches 3.5% in Q1 2026, Supported by Domestic Demand"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Poland\u2019s economy maintained solid growth momentum at the beginning of 2026. According to preliminary data from Statistics Poland, non-seasonally adjusted GDP increased by 3.5% year on year in the first quarter, slightly above the earlier flash estimate. Growth was still driven mainly by domestic demand and consumption, but the data also point to weaker investment dynamics and continued pressure in the construction sector.<\/p>\n\n\n\n<!-- ================================================================\nARTICLE FOR WORDPRESS \u2014 ceo.com.pl\nTopic: Poland GDP in Q1 2026\nStyle: informative \/ business-news format\nChart.js loads automatically from CDN\n================================================================ -->\n\n<style>\n.ceo-pkb26{\n  --ceo-red:#c8102e;\n  --ceo-red-dark:#9f0c24;\n  --ceo-black:#111827;\n  --ceo-text:#1f2937;\n  --ceo-muted:#6b7280;\n  --ceo-border:#e5e7eb;\n  --ceo-bg:#f6f7f9;\n  --ceo-soft:#fff5f6;\n  --ceo-green:#147a3f;\n  --ceo-blue:#1f4f99;\n  --ceo-orange:#b45309;\n  font-family:-apple-system,BlinkMacSystemFont,\"Segoe UI\",Roboto,Arial,sans-serif;\n  color:var(--ceo-text);\n  max-width:1120px;\n  margin:0 auto;\n  line-height:1.65;\n}\n\n.ceo-pkb26 *{box-sizing:border-box}\n\n.ceo-pkb26 a{\n  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line-height:1.7;\n}\n\n@media(max-width:820px){\n  .ceo-pkb26 h1{font-size:27px}\n  .ceo-pkb26 .kpi-grid{grid-template-columns:1fr 1fr}\n  .ceo-pkb26 .two-col{grid-template-columns:1fr}\n  .ceo-pkb26 .summary-list{grid-template-columns:1fr}\n}\n\n@media(max-width:520px){\n  .ceo-pkb26 .article-wrap{padding:18px 10px 30px}\n  .ceo-pkb26 h1{font-size:24px}\n  .ceo-pkb26 .subtitle{font-size:16px}\n  .ceo-pkb26 .kpi-grid{grid-template-columns:1fr}\n  .ceo-pkb26 .chart-box{height:280px}\n}\n<\/style>\n\n<div class=\"ceo-pkb26\">\n  <div class=\"article-wrap\">\n\n    <div class=\"topline\">\n      <span class=\"tag\">Economy<\/span>\n      <span class=\"source-tag\">Statistics Poland data<\/span>\n    <\/div>\n\n    <div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#Polands_GDP_grew_by_35_in_Q1_2026_Consumption_still_supports_the_economy_while_investment_momentum_weakens\" >Poland\u2019s GDP grew by 3.5% in Q1 2026. Consumption still supports the economy, while investment momentum weakens<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#The_economy_is_still_growing_but_the_structure_of_growth_is_less_clear-cut\" >The economy is still growing, but the structure of growth is less clear-cut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#Annual_GDP_growth_quarterly_trend\" >Annual GDP growth: quarterly trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#What_drove_GDP_growth_Domestic_demand_added_35_percentage_points\" >What drove GDP growth? Domestic demand added 3.5 percentage points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#Sectors_of_the_economy_trade_and_industry_above_average_construction_under_pressure\" >Sectors of the economy: trade and industry above average, construction under pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#Quarter-on-quarter_growth_was_positive_but_moderate\" >Quarter-on-quarter growth was positive but moderate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#What_do_these_figures_mean_for_companies_and_the_market\" >What do these figures mean for companies and the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ceo.com.pl\/en\/polands-gdp-growth-reaches-3-5-in-q1-2026-supported-by-domestic-demand-62771\/#Key_figures_from_Statistics_Polands_report\" >Key figures from Statistics Poland\u2019s report<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Polands_GDP_grew_by_35_in_Q1_2026_Consumption_still_supports_the_economy_while_investment_momentum_weakens\"><\/span>Poland\u2019s GDP grew by 3.5% in Q1 2026. Consumption still supports the economy, while investment momentum weakens<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n    <p class=\"subtitle\">\n      The preliminary estimate from Statistics Poland confirms that the Polish economy maintained solid growth at the beginning of 2026. The structure of the data shows, however, that domestic demand and consumption remained the main drivers, while investment growth was much weaker than at the end of 2025.\n    <\/p>\n\n    <div class=\"meta\">\n      <span>\ud83d\udcc5 1 June 2026<\/span>\n      <span>\ud83d\udcca Source: Statistics Poland \/ GUS<\/span>\n      <span>\u23f1 6 min read<\/span>\n      <span>\ud83e\uddfe Own analysis based on Statistics Poland data<\/span>\n    <\/div>\n\n    <div class=\"lead\">\n      Poland\u2019s gross domestic product, not seasonally adjusted, increased by <strong>3.5% year on year<\/strong> in real terms in the first quarter of 2026. This was 0.1 percentage point above the flash estimate published in mid-May. Seasonally adjusted GDP rose by <strong>0.6% quarter on quarter<\/strong> and was <strong>3.5% higher than a year earlier<\/strong>.\n    <\/div>\n\n    <div class=\"kpi-grid\">\n      <div class=\"kpi\" style=\"--line:#c8102e\">\n        <div class=\"kpi-label\">GDP, not seasonally adjusted<\/div>\n        <div class=\"kpi-value\">+3.5%<\/div>\n        <div class=\"kpi-note\">real year-on-year growth in Q1 2026<\/div>\n      <\/div>\n\n      <div class=\"kpi\" style=\"--line:#1f4f99\">\n        <div class=\"kpi-label\">GDP, seasonally adjusted<\/div>\n        <div class=\"kpi-value\">+0.6%<\/div>\n        <div class=\"kpi-note\">real quarter-on-quarter growth<\/div>\n      <\/div>\n\n      <div class=\"kpi\" style=\"--line:#147a3f\">\n        <div class=\"kpi-label\">Domestic demand<\/div>\n        <div class=\"kpi-value\">+3.7%<\/div>\n        <div class=\"kpi-note\">year-on-year growth, after +4.6% in Q4 2025<\/div>\n      <\/div>\n\n      <div class=\"kpi\" style=\"--line:#b45309\">\n        <div class=\"kpi-label\">Gross fixed capital formation<\/div>\n        <div class=\"kpi-value\">+2.4%<\/div>\n        <div class=\"kpi-note\">year-on-year growth, after +6.6% in Q4 2025<\/div>\n      <\/div>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"The_economy_is_still_growing_but_the_structure_of_growth_is_less_clear-cut\"><\/span>The economy is still growing, but <span>the structure of growth is less clear-cut<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>\n      Statistics Poland\u2019s data point to continued positive growth in the Polish economy, while also showing a shift in the composition of GDP. In the first quarter of 2026, the main driver of growth was domestic demand, which increased by 3.7% year on year in real terms. This remains a solid result, although it is lower than the 4.6% recorded in the fourth quarter of 2025.\n    <\/p>\n\n    <p>\n      Total consumption rose by 3.9% year on year. Household consumption increased by 3.3%, while public consumption rose by 6.0%. This means that private consumption continues to be one of the key pillars of growth, although it is no longer accelerating as strongly as in some previous quarters.\n    <\/p>\n\n    <p>\n      Investment was the weaker part of the report. Gross fixed capital formation increased by 2.4% year on year, compared with 6.6% in the fourth quarter of 2025. The investment rate, defined as the ratio of gross fixed capital formation to GDP at current prices, fell to 12.9% from 13.2% a year earlier.\n    <\/p>\n\n    <div class=\"note\">\n      <strong>Methodological note:<\/strong> non-seasonally adjusted GDP data are presented at constant average prices of the previous year. Seasonally adjusted data are presented by Statistics Poland at constant prices with reference year 2020. Seasonal adjustment procedures may lead to revisions of earlier GDP growth rates after new quarterly observations are added.\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"Annual_GDP_growth_quarterly_trend\"><\/span>Annual GDP growth: <span>quarterly trend<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <div class=\"box\">\n      <div class=\"box-title\">Real GDP growth \u2014 corresponding quarter of the previous year = 100<\/div>\n      <div class=\"chart-box\">\n        <canvas id=\"ceoPkbTrend\"><\/canvas>\n      <\/div>\n    <\/div>\n\n    <p>\n      In annual terms, non-seasonally adjusted GDP rose by 3.5%, which was slightly higher than in the first quarter of 2025, when growth reached 3.2%. In previous quarters, the economy expanded within a range of 3.3% to 4.1% year on year. The strongest reading in the period shown came in the fourth quarter of 2025.\n    <\/p>\n\n    <p>\n      Seasonally adjusted data show a similar picture. GDP calculated using this methodology was 3.5% higher year on year in the first quarter of 2026. Quarter on quarter, GDP increased by 0.6%, which was lower than in the previous three quarters of 2025 but still positive.\n    <\/p>\n\n    <div class=\"two-col\">\n      <div class=\"box\">\n        <div class=\"box-title\">Seasonally adjusted GDP \u2014 previous quarter = 100<\/div>\n        <div class=\"chart-box small\">\n          <canvas id=\"ceoPkbQoq\"><\/canvas>\n        <\/div>\n      <\/div>\n\n      <div class=\"box\">\n        <div class=\"box-title\">Consumption, investment and GDP \u2014 year on year<\/div>\n        <div class=\"chart-box small\">\n          <canvas id=\"ceoDemandChart\"><\/canvas>\n        <\/div>\n      <\/div>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"What_drove_GDP_growth_Domestic_demand_added_35_percentage_points\"><\/span>What drove GDP growth? <span>Domestic demand added 3.5 percentage points<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>\n      In terms of contribution to GDP growth, domestic demand remained the most important component. Its contribution to economic growth amounted to 3.5 percentage points. Total consumption added 3.2 percentage points, of which 2.0 percentage points came from household consumption and 1.2 percentage points from public consumption.\n    <\/p>\n\n    <p>\n      The contribution of gross accumulation was positive but limited, at 0.3 percentage point. The same contribution came from investment demand. Changes in inventories were neutral, as was net export. In practice, this means that foreign trade neither supported nor reduced GDP growth in the first quarter of 2026.\n    <\/p>\n\n    <div class=\"box\">\n      <div class=\"box-title\">Contribution to real GDP growth in Q1 2026 \u2014 percentage points<\/div>\n      <div class=\"chart-box\">\n        <canvas id=\"ceoContributionChart\"><\/canvas>\n      <\/div>\n    <\/div>\n\n    <div class=\"table-wrap\">\n      <table>\n        <thead>\n          <tr>\n            <th>Category<\/th>\n            <th class=\"num\">Y\/y change<\/th>\n            <th class=\"num\">Contribution to GDP<\/th>\n            <th>Comment<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr>\n            <td>Gross domestic product<\/td>\n            <td class=\"num plus\">+3.5%<\/td>\n            <td class=\"num neutral\">+3.5 pp<\/td>\n            <td>Real GDP growth in Q1 2026.<\/td>\n          <\/tr>\n          <tr>\n            <td>Domestic demand<\/td>\n            <td class=\"num plus\">+3.7%<\/td>\n            <td class=\"num plus\">+3.5 pp<\/td>\n            <td>The main driver of economic growth.<\/td>\n          <\/tr>\n          <tr>\n            <td>Total consumption<\/td>\n            <td class=\"num plus\">+3.9%<\/td>\n            <td class=\"num plus\">+3.2 pp<\/td>\n            <td>The largest positive contribution on the demand side.<\/td>\n          <\/tr>\n          <tr>\n            <td>Household consumption<\/td>\n            <td class=\"num plus\">+3.3%<\/td>\n            <td class=\"num plus\">+2.0 pp<\/td>\n            <td>Private consumption continued to support growth.<\/td>\n          <\/tr>\n          <tr>\n            <td>Public consumption<\/td>\n            <td class=\"num plus\">+6.0%<\/td>\n            <td class=\"num plus\">+1.2 pp<\/td>\n            <td>Higher growth than in private consumption.<\/td>\n          <\/tr>\n          <tr>\n            <td>Gross accumulation<\/td>\n            <td class=\"num plus\">+2.7%<\/td>\n            <td class=\"num plus\">+0.3 pp<\/td>\n            <td>Positive but limited contribution to GDP.<\/td>\n          <\/tr>\n          <tr>\n            <td>Gross fixed capital formation<\/td>\n            <td class=\"num plus\">+2.4%<\/td>\n            <td class=\"num plus\">+0.3 pp<\/td>\n            <td>Clear slowdown compared with Q4 2025.<\/td>\n          <\/tr>\n          <tr>\n            <td>Net export<\/td>\n            <td class=\"num neutral\">\u2014<\/td>\n            <td class=\"num neutral\">0.0 pp<\/td>\n            <td>Neutral impact on GDP growth.<\/td>\n          <\/tr>\n        <\/tbody>\n      <\/table>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"Sectors_of_the_economy_trade_and_industry_above_average_construction_under_pressure\"><\/span>Sectors of the economy: <span>trade and industry above average, construction under pressure<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>\n      Gross value added in the national economy increased by 3.3% year on year in the first quarter of 2026. Faster-than-average growth was recorded in trade and repair of motor vehicles, industry, and the broad public-sector category covering public administration, defence, education, health care and social work.\n    <\/p>\n\n    <p>\n      The weakest figures were recorded in construction and financial and insurance activities. Gross value added in construction fell by 4.5% year on year, while financial and insurance activities declined by 3.4%. This indicates that GDP growth was not evenly distributed across the main sectors of the economy.\n    <\/p>\n\n    <div class=\"box\">\n      <div class=\"box-title\">Gross value added by sector \u2014 Q1 2026, year on year<\/div>\n      <div class=\"chart-box\">\n        <canvas id=\"ceoSectorChart\"><\/canvas>\n      <\/div>\n    <\/div>\n\n    <div class=\"table-wrap\">\n      <table>\n        <thead>\n          <tr>\n            <th>Sector \/ category<\/th>\n            <th class=\"num\">Y\/y change<\/th>\n            <th class=\"num\">Q\/q change, seasonally adjusted<\/th>\n            <th>Conclusion<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr>\n            <td>Gross value added, total<\/td>\n            <td class=\"num plus\">+3.3%<\/td>\n            <td class=\"num plus\">+0.6%<\/td>\n            <td>The economy maintained positive momentum.<\/td>\n          <\/tr>\n          <tr>\n            <td>Industry<\/td>\n            <td class=\"num plus\">+4.1%<\/td>\n            <td class=\"num minus\">\u20132.0%<\/td>\n            <td>Good annual result, but weak quarterly reading.<\/td>\n          <\/tr>\n          <tr>\n            <td>Construction<\/td>\n            <td class=\"num minus\">\u20134.5%<\/td>\n            <td class=\"num minus\">\u20132.1%<\/td>\n            <td>The weakest part of the sectoral data.<\/td>\n          <\/tr>\n          <tr>\n            <td>Trade and repair of motor vehicles<\/td>\n            <td class=\"num plus\">+4.7%<\/td>\n            <td class=\"num minus\">\u20130.2%<\/td>\n            <td>Strong annual growth, slight quarterly decline.<\/td>\n          <\/tr>\n          <tr>\n            <td>Transport and storage<\/td>\n            <td class=\"num plus\">+3.0%<\/td>\n            <td class=\"num plus\">+0.7%<\/td>\n            <td>Moderate positive result.<\/td>\n          <\/tr>\n          <tr>\n            <td>Public administration, education, health care and social work<\/td>\n            <td class=\"num plus\">+4.5%<\/td>\n            <td class=\"num plus\">+1.0%<\/td>\n            <td>One of the stronger components of growth.<\/td>\n          <\/tr>\n          <tr>\n            <td>Financial and insurance activities<\/td>\n            <td class=\"num minus\">\u20133.4%<\/td>\n            <td class=\"num minus\">\u20130.6%<\/td>\n            <td>The sector reduced the overall gross value added result.<\/td>\n          <\/tr>\n          <tr>\n            <td>Other market services<\/td>\n            <td class=\"num plus\">+4.0%<\/td>\n            <td class=\"num neutral\">not shown in short table<\/td>\n            <td>Positive contribution from services.<\/td>\n          <\/tr>\n        <\/tbody>\n      <\/table>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"Quarter-on-quarter_growth_was_positive_but_moderate\"><\/span>Quarter-on-quarter growth <span>was positive but moderate<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>\n      After seasonal adjustment, GDP increased by 0.6% compared with the fourth quarter of 2025. This means that the economy continued to grow, although at a slower pace than in several earlier quarters. Gross value added also increased by 0.6% quarter on quarter.\n    <\/p>\n\n    <p>\n      Demand-side quarterly data are mixed. Domestic demand rose by 0.1%, total consumption by 0.3%, and household consumption by 0.2%. Gross accumulation increased by 1.2%, while gross fixed capital formation rose by 0.3%. This confirms that investment did not collapse, but its current pace remains limited.\n    <\/p>\n\n    <div class=\"summary-list\">\n      <div class=\"summary-item\">\n        <strong>Consumption remains positive<\/strong>\n        Household consumption rose by 3.3% year on year and by 0.2% quarter on quarter.\n      <\/div>\n      <div class=\"summary-item\">\n        <strong>Investment slowed<\/strong>\n        Gross fixed capital formation increased by 2.4% y\/y, after 6.6% in Q4 2025.\n      <\/div>\n      <div class=\"summary-item\">\n        <strong>Net export was neutral<\/strong>\n        Foreign trade did not affect GDP growth in Q1 2026.\n      <\/div>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"What_do_these_figures_mean_for_companies_and_the_market\"><\/span>What do these figures mean for companies and the market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>\n      From a business perspective, the GDP data can be read as moderately positive. The economy is growing at a pace above 3% year on year, and domestic demand remains positive. For consumer-facing companies, stable household consumption is important, although the lack of clear acceleration may limit the scope for rapid sales growth.\n    <\/p>\n\n    <p>\n      The investment side suggests more caution. The weaker growth of gross fixed capital formation may mean that some companies are still postponing development decisions or implementing them on a smaller scale. In this environment, financing costs, regulatory predictability and the pace of public and EU-funded investment remain particularly important.\n    <\/p>\n\n    <p>\n      For economic policy, the data are mixed. On the one hand, GDP growth remains solid. On the other hand, the composition of growth points to a strong role for consumption and a weaker investment impulse. If investment does not accelerate in the coming quarters, maintaining a higher growth rate may require continued support from services, industry and stable domestic demand.\n    <\/p>\n\n    <div class=\"quote\">\n      <strong>Bottom line:<\/strong> Q1 2026 brought solid GDP growth, but the structure of that growth is not fully comfortable. Consumption and domestic demand are supporting the economy, while investment is growing much more slowly than at the end of 2025 and construction remains under pressure.\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"Key_figures_from_Statistics_Polands_report\"><\/span>Key figures from Statistics Poland\u2019s report<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <div class=\"table-wrap\">\n      <table>\n        <thead>\n          <tr>\n            <th>Indicator<\/th>\n            <th class=\"num\">Q1 2026<\/th>\n            <th>Meaning<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr>\n            <td>GDP, not seasonally adjusted<\/td>\n            <td class=\"num plus\">+3.5% y\/y<\/td>\n            <td>Main GDP growth measure in the Statistics Poland release.<\/td>\n          <\/tr>\n          <tr>\n            <td>GDP, seasonally adjusted<\/td>\n            <td class=\"num plus\">+0.6% q\/q<\/td>\n            <td>Positive growth compared with Q4 2025.<\/td>\n          <\/tr>\n          <tr>\n            <td>Domestic demand<\/td>\n            <td class=\"num plus\">+3.7% y\/y<\/td>\n            <td>The main driver of GDP growth.<\/td>\n          <\/tr>\n          <tr>\n            <td>Household consumption<\/td>\n            <td class=\"num plus\">+3.3% y\/y<\/td>\n            <td>Stable support from consumers.<\/td>\n          <\/tr>\n          <tr>\n            <td>Public consumption<\/td>\n            <td class=\"num plus\">+6.0% y\/y<\/td>\n            <td>Strong growth in the public component.<\/td>\n          <\/tr>\n          <tr>\n            <td>Gross fixed capital formation<\/td>\n            <td class=\"num plus\">+2.4% y\/y<\/td>\n            <td>Clearly slower than in Q4 2025.<\/td>\n          <\/tr>\n          <tr>\n            <td>Investment rate<\/td>\n            <td class=\"num neutral\">12.9%<\/td>\n            <td>Lower than 13.2% a year earlier.<\/td>\n          <\/tr>\n          <tr>\n            <td>Net export<\/td>\n            <td class=\"num neutral\">0.0 pp<\/td>\n            <td>Neutral impact on GDP growth.<\/td>\n          <\/tr>\n        <\/tbody>\n      <\/table>\n    <\/div>\n\n    <div class=\"footer-note\">\n      Data: Statistics Poland, \u201cPreliminary estimate of gross domestic product in the first quarter of 2026\u201d, publication dated 1 June 2026. 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Growth was still driven mainly by domestic demand and consumption, but the data also point to weaker investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[197,2669,64],"class_list":["post-5555","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-construction-sector","tag-gus","tag-poland"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=5555"}],"version-history":[{"count":1,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5555\/revisions"}],"predecessor-version":[{"id":5556,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/5555\/revisions\/5556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/4969"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=5555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=5555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=5555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}