macropulse

• Better-than-expected macroeconomic data overshadowed by NBP currency intervention

  21.12.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people. ...

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• Production data signal acceleration of exports growth

  18.12.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 5.4% YoY in November. ...

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• Real wage growth increasingly close to pre-pandemic level

  17.12.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 4.9% YoY in November. ...

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• Dynamics of services prices at the highest since 2001

  15.12.2020

  In accordance with the final GUS data, CPI inflation dropped to 3.0% in November vs. 3.1% YoY in October. ...

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• The likelihood of monetary easing has significantly decreased

  02.12.2020

  As we expected, the Monetary Policy Council has not changed interest rates today (the reference rate amounts to 0.10%). ...

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• Seemingly good data on sentiment in Polish manufacturing

  01.12.2020

  Polish manufacturing PMI has not changed in November compared to October and amounted to 50.8 pts. ...

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• Private consumption already on the rise, investments still low

  30.11.2020

  In accordance with today’s GUS data, GDP growth in Q3 reached -1.5% YoY vs. -8.4% in Q2, thus slightly exceeding the flash estimate released earlier (-1.6%). ...

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• Trade and construction negatively impacted by the second wave of the COVID-19 pandemic

  23.11.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people decreased in current prices by 2.1% YoY in October vs. a 2.7% increase in September. ...

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• Export branches continue to boost production growth

  20.11.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 1.0% YoY in October vs. a 5.9% increase in September. ...

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