Mixed impact of frost on retail sales

In accordance with the GUS data released today, retail sales in enterprises employing more than 9 people increased in current prices by 7.9% YoY in February vs. 8.2% in January, running slightly above our forecast ... More

Public investments are in full swing

In accordance with GUS data, dynamics of sold production of industry in enterprises employing more than 9 people dropped to 7.4% YoY in February vs. 8.6% in January, running below our forecast (8.3%) and the market ... More

Slight deceleration of wage growth in February

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons dropped to 6.8% YoY in February from 7.3% in January, running below ... More

Double-digit investment growth in Q4 2017

In accordance with GUS data published today, real GDP growth rate stood at 5.1% YoY in Q4 2017 vs. 4.9% in Q3, running in line with our forecast and the flash estimate released on 14 February 2018. ... More

Further recovery in investments in Q1

In accordance with GUS data, dynamics of sold production of industry in enterprises employing more than 9 people rose to 8.6% YoY in January vs. 2.7% in December 2017, running above our forecast (7.8%) and the market ... More

Surprisingly high wage growth rate in January

In accordance with GUS data published today, nominal wage dynamics in the sector of enterprises employing more than 9 persons have not changed compared to December and amounted to 7.3% YoY, running ... More

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