macropulse

• Lower consumption is the main reason behind the Polish GDP decline

  26.02.2021

  In accordance with the final estimate published by the GUS, the Polish GDP fell by 2.8% YoY in Q4 2020 comparing to -1.5% in Q3, in line with the GUS flash estimate. ...

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• Beginning of the year not good for retail sales and construction

  19.02.2021

  According to the Central Statistical Office (GUS) data released today, nominal retail sales in enterprises employing more than 9 people. ...

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• Favourable situation in the industry, though risks are still there

  18.02.2021

  In accordance with the Polish Central Statistical Office's (GUS) data, the volume of sold production of industry in enterprises employing more than 9 people. ...

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• Employment falls in January for the first time since 2004

  17.02.2021

  In accordance with the GUS data published today, nominal salary growth rate in the sector of companies employing more than 9 employees. ...

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• New taxes, higher inflation

  15.02.2021

  In accordance with the GUS data, CPI inflation increased from 2.4% YoY in December to 2.7% YoY in January. ...

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• No change in MPC bias

  03.02.2021

  As we expected, the Monetary Policy Council (MPC) has not changed interest rates at its meeting today (the reference rate is 0.10%). ...

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• Lockdown in Q4 as painful for the services sector as in spring

  29.01.2021

  In accordance with GUS data published today, in 2020, GDP in Poland fell by 2.8% compared to a 4.5% growth in 2019. ...

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• Strong finish of Polish industry in 2020

  25.01.2021

  According to GUS data, industrial production sold by enterprises employing more than 9 people rose by 11.1% YoY in December, vs. a 5.4% increase in November. ...

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• Retail sales still volatile, construction surprised to the upside

  22.01.2021

  In accordance with the Polish Central Statistical Office's (GUS) data released today, retail sales reported by businesses having more than 9 employees and expressed in terms of current prices went down by 0.8% YoY in December vs. -5.3% YoY in November. ...

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• Marked growth in employment despite second wave of the pandemic

  21.01.2021

  In accordance with GUS data published today, the nominal wage growth rate in the sector of enterprises employing more than 9 people rose to 6.6% YoY in December vs. 4.9% in November. ...

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