macropulse

• 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. ...

  More

• 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. ...

  More

• Price growth slowest since May 2019

  15.01.2021

  In accordance with the final data published by GUS, the CPI inflation fell to 2.4% YoY in December vs. 3.0% in November. ...

  More

• NBP will continue interventions in the foreign exchange market

  13.01.2021

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

  More

• Better-than-expected macroeconomic data overshadowed by NBP currency intervention

  21.12.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people. ...

  More

• Production data signal acceleration of exports growth

  18.12.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 5.4% YoY in November. ...

  More

• Real wage growth increasingly close to pre-pandemic level

  17.12.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 4.9% YoY in November. ...

  More

• Dynamics of services prices at the highest since 2001

  15.12.2020

  In accordance with the final GUS data, CPI inflation dropped to 3.0% in November vs. 3.1% YoY in October. ...

  More

• The likelihood of monetary easing has significantly decreased

  02.12.2020

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

  More

• Seemingly good data on sentiment in Polish manufacturing

  01.12.2020

  Polish manufacturing PMI has not changed in November compared to October and amounted to 50.8 pts. ...

  More