macropulse

• Is the slowdown of wage growth temporary?

  18.09.2018

  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%). ...

  More

• Sharp increase in core inflation in August

  13.09.2018

  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 our forecast (1.9%). ...

  More

• "All is well"

  05.09.2018

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

  More

• Sharp decrease in investment dynamics in Q2

  31.08.2018

  In accordance with GUS data published today, the GDP growth rate stood at 5.1% YoY in Q2 vs. 5.2% in Q1, running in line with the flash estimate released earlier ...

  More

• Surprisingly low food sales

  22.08.2018

  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

• Shift of holiday breaks in car factories boosted production

  20.08.2018

  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 10.3% YoY in July vs. 6.8% in June, running above the market consensus (9.5%) and below our forecast ...

  More

• Will the private consumption growth slow down?

  17.08.2018

  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 (7.8%) and market consensus (7.6%). Real, adjusted for the changes in prices, corporate wages increased ...

  More

• July inflation and Q2 GDP growth rate in line with market expectations

  14.08.2018

  In accordance with final GUS data, CPI inflation has not changed in July compared to June and amounted to 2.0% YoY, running in line with the earlier-published GUS flash estimate and the market consensus, and slightly above our forecast. ...

  More

• Manufacturing on vacation

  01.08.2018

  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

• Record car purchases and World Cup boosted sales growth

  20.07.2018

  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 increased in current prices by 10.3% YoY in June vs. a 7.6% increase in May, running significantly above the market ...

  More