macropulse

• Investments supported economic growth

  16.08.2017

  In accordance with the today's GUS flash reading, GDP growth rate in Q2 dropped to 3.9% YoY vs. 4.0% in Q1 and thus was in line with our forecast and above the market consensus (3.8%). The quarterly dynamics of seasonally adjusted GDP have not changed in Q2 vs. Q1 and ...

  More

• Growth rate of food prices has increased

  11.08.2017

  In accordance with the final GUS data, CPI inflation in July has increased to 1.7% YoY vs. 1.5% in June, running in line with the flash estimate by GUS and above our forecast, which was equal to the market consensus (1.6%). ...

  More

• Temporary deterioration of sentiment in Polish manufacturing

  01.08.2017

  PMI for Polish manufacturing dropped to 52.3 pts in July vs. 53.1 pts in June, running below our forecast (53.0 pts) and the market consensus (53.3 pts). The deterioration of sentiment recorded in July was mainly caused by a decrease in the sub-indices concerning ...

  More

• Slight slowdown of economic growth in Q2

  19.07.2017

  In accordance with GUS data, dynamics of sold production of industry in enterprises employing more than 9 people dropped to 4.5% YoY in June vs. 9.1% in May, which was above the market consensus (3.8%) and slightly above our forecast (4.3%). ...

  More

• Nominal wage dynamics at the highest level since January 2012

  19.07.2017

  In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons rose to 6.0% YoY in June vs. 5.4% in May, running significantly above our forecast (4.9%) and the market consensus (5.0%). ...

  More

• Drop in inflation as a consequence of lower fuel prices

  11.07.2017

  In accordance with the final GUS data, CPI inflation in June has decreased to 1.5% YoY vs. 1.9% in May, running in line with the flash estimate by GUS and below our forecast, which was equal to the market consensus (1.7%). ...

  More

• MPC divided on negative real interest rates

  05.07.2017

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

  More

• No worries about construction

  20.06.2017

  In accordance with GUS data, sold production of industry in enterprises employing more than 9 people rose by 9.1% YoY in May vs. a 0.6% decrease in April, which was above our forecast (8.9%) and the market consensus (8.6%). ...

  More

• Nominal wage dynamics at the highest level since January 2012

  19.06.2017

  ...

  More

• Drop in inflation due to lower dynamics of fuel prices

  12.06.2017

  In accordance with the final GUS data, CPI inflation in May has decreased to 1.9% YoY vs. 2.0% in April, running in line with the flash estimate by GUS, which was equal to the market consensus and below our forecast (2.0%) ...

  More