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Enea Group’s operations are focused on the territory of Poland. Therefore, core macroeconomic factor affecting both the results achieved and its financial situation is the development pace and the general condition of the Polish economy.

According to the preliminary estimates of the Central Statistical Office (GUS), in 2017 the GDP increased in real terms by 4.6% year-on-year, as compared to 2.9% in 2016. In Q4 2017 alone, the GDP growth was 5.1%, which means another, quarterly record GDP growth over the last months.

According to GUS estimates, in 2017 the industrial production sold was higher than in the previous year by 6.6%. Sales in industrial processing increased the most; growth was also recorded in electricity, gas, steam and hot water generation and supply, as well as in water supply, sewage and waste management and reclamation. On the other hand, production in mining and quarrying continued to decline.

In the period from January to September 2017, the construction production in Poland was about 7% higher than in the previous year. Construction output was higher than in the previous year in all construction sectors, including the highest increase in units specialising in civil engineering structures.

After two years of decline, consumer prices increased by 2.0% annually in 2017. After a decrease in 2016, transport prices increased significantly, and housing prices, among other things, were higher than in the previous year. For the first time since 2012, producer prices in industry and construction increased annually, by 2.9% and by 0.6% respectively.

Below are some basic macroeconomic data for the years 2015-2017.

Description unit 2015 2016 2017
GDP % change 3.8 2.9 4.6
Industrial production sold % change 6.0 3.6 6.6
Construction production % change 3.7 -2.6 7.0
Inflation % -0.9 -0.6 2.0

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