macropulse

• Base effects and low fuel prices drove retail sales up

  20.10.2023

  According to the GUS data published today, nominal retail sales growth in enterprises employing more than 9 people. ...

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• Fastest growth in real wages since February 2022

  19.10.2023

  In accordance with the GUS data, industrial production sold in enterprises employing more than 9 people decreased. ...

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• Return to single-digit inflation

  13.10.2023

  According to final GUS data, CPI inflation in Poland decreased to 8.2% YoY in September, down from 10.1% in August. ...

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• Another "adjustment" of interest rates

  04.10.2023

  Today, the Monetary Policy Council decided to cut interest rates by 25bps (with the NBP reference rate now standing at 5.75%). ...

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• Surprisingly good data on retail sales and construction output

  21.09.2023

  In accordance with the GUS data published today, nominal retail sales reported by businesses having more than 9 employees. ...

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• Data for export-oriented sectors still weak

  20.09.2023

  In accordance with the GUS data, industrial production sold in enterprises employing more than 9 people decreased. ...

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• Further symptoms of weakening inflationary pressures

  15.09.2023

  According to final GUS data, CPI inflation in Poland fell to 10.1% YoY in August vs. 10.8% in July. ...

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• MPC chooses a radical approach towards the monetary policy

  06.09.2023

  Today, the Monetary Policy Council has taken a surprising decision to cut interest rates by as much as 75bps. ...

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• Downturn in Polish manufacturing continues

  01.09.2023

  PMI for Polish manufacturing fell from 43.5 pts in July to 43.1 pts in August, well below the market consensus. ...

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• Inflation still double-digit, GDP lagging behind expectations

  31.08.2023

  In accordance with the final estimate published by the GUS, GDP growth slowed down from -0.3% YoY in Q1 2023 to -0.6% YoY in Q2. ...

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