macropulse

• Record car purchases and World Cup boosted sales growth

  20.07.2018

  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 10.3% YoY in June vs. a 7.6% increase in May, running significantly above the market consensus (7.9%) and our forecast (8.2%). ...

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• Production (so far) unaffected by the slowdown in global trade

  18.07.2018

  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 rose to 6.8% YoY in June vs. 5.4% in May, running above the market consensus (6.1%) and slightly below our forecast (7.0%). ...

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• Solid data from labour market supported consumption in Q2

  17.07.2018

  In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons rose to 7.5% YoY in June from 7.0% in May, running above our forecast equal to the market consensus (7.0%). ...

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• Rise in food prices the slowest since December 2016

  13.07.2018

  Based on final GUS data, CPI inflation went up to 2.0% YoY in June vs. 1.7% in May, running above the GUS flash estimate (1.9%) and in line with our forecast equal to the market consensus. ...

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• ”Excellent economic situation” according to NBP July projection

  11.07.2018

  As we expected, the Monetary Policy Council has left interest rates unchanged today (the reference rate amounts to 1.50%). ...

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• Statistical effects supported the retail sales growth

  21.06.2018

  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 7.6% YoY in May vs. a 4.6% increase in April, running above the market consensus (6.6%) and below our forecast (8.8%). ...

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• Industrial production markedly above expectations

  19.06.2018

  In accordance with the Polish Central Statistical Office's (GUS) data, dynamics of sold production of industry in enterprises employing more than 9 people dropped to 5.4% YoY in May vs. 9.3% in April, running markedly above market consensus (3.5%) and our forecast (4.5%). ...

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• Surprising decline in employment in May

  18.06.2018

  According to the CSO data released today, the nominal wage growth in the enterprise sector employing more than 9 persons in May decreased to 7.0% YoY from 7.8% in April, slightly below our forecast (7.1%) equal to market consensus. ...

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• Inflationary pressure still low

  14.06.2018

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• NBP rates “definitely” unchanged until the end of 2018

  06.06.2018

  As we expected, the Monetary Policy Council has left interest rates unchanged today (the reference rate amounts to 1.50%). ...

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