macropulse

• Stabilization of trade and construction activity

  21.09.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people increased in current prices by 0.4% YoY in August vs. a 2.7% increase in July. ...

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• The recovery in industrial production has visibly slowed down in August

  18.09.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 1.5% YoY in August vs. a 1.1% increase in July. ...

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• Wage and employment growth overshadowed by data on quarantine

  17.09.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 4.1% YoY in August vs. 3.8% in July. ...

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• MPC is economical with optimism

  15.09.2020

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

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• COVID price rises are going to stay with us for longer?

  15.09.2020

  In accordance with the final GUS data, CPI inflation dropped to 2.9% in August vs. 3.0% YoY in July. ...

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• Layoffs in manufacturing have significantly decelerated

  01.09.2020

  Polish manufacturing PMI dropped to 50.6 pts in August vs. 52.8 pts in July, running significantly below the market expectations (52.9 pts) and our forecast (53.0 pts). ...

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• COVID-19 pandemic hampered investments and consumption

  31.08.2020

  In accordance with the GUS data published today, GDP growth rate stood at -8.2% YoY in Q1 vs. +1.8% in Q1, running in line with the flash estimate that was released earlier. ...

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• Retail sales are positive again, situation in construction is deteriorating

  21.08.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people increased in current prices by 2.7% YoY in July vs. a 1.9% decrease in June. ...

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• Production returning fast to pre-pandemic levels

  20.08.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 1.1% YoY in July vs. a 0.5% increase in June. ...

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• Situation in the labour market is gradually normalizing

  19.08.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 3.8% YoY in July vs. 3.6% in June. ...

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