macropulse

• Private consumption already on the rise, investments still low

  30.11.2020

  In accordance with today’s GUS data, GDP growth in Q3 reached -1.5% YoY vs. -8.4% in Q2, thus slightly exceeding the flash estimate released earlier (-1.6%). ...

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• Trade and construction negatively impacted by the second wave of the COVID-19 pandemic

  23.11.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people decreased in current prices by 2.1% YoY in October vs. a 2.7% increase in September. ...

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• Export branches continue to boost production growth

  20.11.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 1.0% YoY in October vs. a 5.9% increase in September. ...

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• Slight increase in employment at the beginning of the second wave of the pandemic

  19.11.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people dropped to 4.7% YoY in October vs. 5.6% in September. ...

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• GDP growth in Q3 slightly above expectations

  13.11.2020

  In accordance with the final GUS data, CPI inflation dropped to 3.1% YoY in October vs. 3.2% in September. ...

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• MPC sees deterioration in economic conditions. Hard lockdown not factored in NBP projection

  06.11.2020

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

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• MPC is going to ease the monetary policy

  05.11.2020

  At the yesterday’s conference, Prime Minister M. Morawiecki announced the introduction of subsequent and numerous restrictions aimed at limiting the rate of increase of new cases of COVID-19. ...

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• September retail sales and construction output overshadowed by the pandemic

  21.10.2020

  In accordance with GUS data that have been released today, retail sales in enterprises employing more than 9 people increased in current prices by 2.7% YoY in September vs. a 0.4% increase in August. ...

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• Industrial production has returned to pre-pandemic level

  20.10.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 5.9% YoY in September vs. a 1.5% increase in August. ...

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• Surprisingly strong wage growth in September

  19.10.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 5.6% YoY in September vs. 4.1% in August. ...

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