Is the slowdown of wage growth temporary?

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons dropped to 6.8 % YoY in August from 7.2% in July, running slightly above our forecast (6.7%) and below the market consensus (7.0%)...

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Sharp increase in core inflation in August

In accordance with final GUS data, CPI inflation did not change in August compared to July and amounted to 2.0% YoY, running in line with the GUS flash estimate and the market consensus and slightly above ... More

"All is well"

As we expected, the Monetary Policy Council has left interest rates unchanged today (the reference rate amounts to 1.50%). ... More

Surprisingly low food sales

In accordance with the Polish Central Statistical Office's (GUS) data that have been released today, retail sales in enterprises employing more than 9 people. ... More

Will the private consumption growth slow down?

According to the GUS data published today, the nominal wage dynamics in the sector of enterprises employing more than 9 persons fell to 7.2% YoY in July from 7.5% in June, running below our forecast ... More

Manufacturing on vacation

The business sentiment indicator for Polish manufacturing (PMI) dropped to 52.9 pts in July vs. 54.2 pts June, running below our forecast (54.0 pts) and the market consensus (54.2 pts). ... More

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