GDP still surprises to the upside

In accordance with final GUS data, CPI inflation decreased to 1.8% YoY in October vs. 1.9% in September, running in line with our forecast, above GUS flash estimate, and below the market consensus (1.9%). ... More

Polish manufacturing is driving on fumes

The business sentiment indicator for Polish manufacturing (PMI) dropped to 50.4 pts in October vs. 50.5 pts September, running above the market consensus (50.2 pts) and our forecast (49.9 pts). ... More

Fading boom in the labour market

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons dropped to 6.7% YoY in September from 6.8% in August, running significantly below our forecast ... More

A band instead of a point inflation target

As we expected, the Monetary Policy Council has left interest rates unchanged today (the reference rate amounts to 1.50%). In the statement after the meeting, the Council repeated the view that "the ... More

Shopping frenzy continues, sales are high

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 9.0% YoY in ... More

Exporters are going strong

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 5.0% YoY in August vs. 10.3% in July, running below the market consensus ... More

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