macropulse

• This is not the end of COVID-19 price rises

  15.10.2020

  In accordance with the final GUS data, CPI inflation rose to 3.2% in September vs. 2.9% YoY in August, running in line with the GUS flash estimate and above the market consensus equal to our forecast (3.0%). ...

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• MPC has noted the temporary weakening of PLN

  08.10.2020

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

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• Optimism in manufacturing despite pandemic

  01.10.2020

  Polish manufacturing PMI rose to 50.8 pts in September vs. 50.6 pts in August, running significantly below the market expectations (52.6 pts) equal to our forecast. ...

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• Stabilization of trade and construction activity

  21.09.2020

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

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• The recovery in industrial production has visibly slowed down in August

  18.09.2020

  In accordance with GUS data, the sold production of industry in enterprises employing more than 9 people increased by 1.5% YoY in August vs. a 1.1% increase in July. ...

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• Wage and employment growth overshadowed by data on quarantine

  17.09.2020

  According to GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 people rose to 4.1% YoY in August vs. 3.8% in July. ...

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• MPC is economical with optimism

  15.09.2020

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

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• COVID price rises are going to stay with us for longer?

  15.09.2020

  In accordance with the final GUS data, CPI inflation dropped to 2.9% in August vs. 3.0% YoY in July. ...

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• Layoffs in manufacturing have significantly decelerated

  01.09.2020

  Polish manufacturing PMI dropped to 50.6 pts in August vs. 52.8 pts in July, running significantly below the market expectations (52.9 pts) and our forecast (53.0 pts). ...

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• COVID-19 pandemic hampered investments and consumption

  31.08.2020

  In accordance with the GUS data published today, GDP growth rate stood at -8.2% YoY in Q1 vs. +1.8% in Q1, running in line with the flash estimate that was released earlier. ...

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