Effect of Easter and May holidays caused slowdown of retail 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 increased in current prices by 7.3% YoY in May vs. a 13.6% increase in April, running below our forecast (8.5% YoY) and the market consensus (8.3%)...

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Polish industry still invulnerable

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 dropped to 7.7% YoY in May vs. 9.2% in April, running slightly ... More

Inflation growth is not over yet

In accordance with data published by the Polish Central Statistical Office (GUS), CPI inflation went up to 2.4% YoY in May vs. 2.2% in April, which was slightly above the growth rate predicted by GUS in its flash estimate (2.3%). ... More

GDP data confirm breakthrough in investments

In accordance with the GUS data published today, GDP growth rate stood at 4.7% YoY in Q1 vs. 4.9% in Q4 2018, running above the flash estimate that was released earlier (4.6%). ... More

Polish industry still thrives

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 9.2% YoY in April vs. 5.6% in March, running slightly above the ... More

Wage growth continues to be moderate

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons rose to 7.1% YoY in April vs. 5.7% in March, running above the market consensus (6.6.%) ... More

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