Manufacturing resists slowdown in Germany

In accordance with the Polish Central Statistical Office's (GUS) data, the dynamics of sold production of industry in enterprises employing more than 9 people rose to 7.4% YoY in October vs. 2.8% in September, running above the market consensus (6.7%) and our forecast (6.6%)...

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Employment Roly-Poly

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons rose to 7.6% YoY in October from 6.7% in September, running above our forecast (6.5%) and the market consensus (6.7%). ... More

GDP still surprises to the upside

In accordance with final GUS data, CPI inflation decreased to 1.8% YoY in October vs. 1.9% in September, running in line with our forecast, above GUS flash estimate, and below the market consensus (1.9%). ... More

Polish manufacturing is driving on fumes

The business sentiment indicator for Polish manufacturing (PMI) dropped to 50.4 pts in October vs. 50.5 pts September, running above the market consensus (50.2 pts) and our forecast (49.9 pts). ... More

Fading boom in the labour market

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons dropped to 6.7% YoY in September from 6.8% in August, running significantly below our forecast ... More

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