macropulse

• The MPC sends strong dovish signals

  09.06.2021

  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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• Polish manufacturing sector is overheating

  01.06.2021

  PMI for the Polish manufacturing sector rose from 53.7 pts in April to 57.2 pts in May. ...

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• It was the last quarter with a YoY GDP decline

  31.05.2021

  In accordance with the GUS data published today, the GDP rose to -0.9% YoY in Q1 2021 comparing to -2.7% YoY in Q4 2020. ...

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• Production in export-oriented branches has doubled

  24.05.2021

  In accordance with the GUS data, the volume of sold production of industry in enterprises employing more than 9 people increased by 44.5% YoY in April. ...

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• A boom in the construction sector begins

  21.05.2021

  In accordance with the data published by the GUS, the construction-assembly production shrank by 4.2% YoY in April vs. -10.7% in March. ...

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• Strongest growth in real wages since February 2019

  20.05.2021

  In accordance with the GUS data published today, nominal wage growth in the sector of companies employing more than 9 employees rose from 8.0% YoY in March. ...

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• Inflation getting closer to 5%

  14.05.2021

  Based on final GUS data, CPI inflation went up to 4.3% YoY in April vs. 3.2% in March. ...

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• MPC focused on future inflation rather than present

  05.05.2021

  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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• Retail sales once again strongly affected by restrictions

  22.04.2021

  In accordance with the Polish Central Statistical Office's (GUS) data published today, nominal retail sales reported by businesses having more than 9 employees went up by 17.1% YoY in March comparing to a 2.7% drop in February. ...

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• Wages and industrial production markedly accelerate

  21.04.2021

  In accordance with the GUS data published today, nominal salary growth rate in the sector of companies employing more than 9 employees rose from 4.5% YoY in February to 8.0% YoY in March. ...

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