Dollar on the offensive again

Data from Poland did not impress, but no one expected miracles in the construction market after the expiration of government support. Noteworthy is the dollar, which once again decided...

PMI indicates weakening of the economy and euro

The condition of the European economy is not good. This is confirmed by the...

BCC: Consumer Sentiment Continues to Decline

In November 2024, the Consumer Confidence Index (BWUK) dropped by 1.3 percentage points month-on-month,...

October Inflation in Poland at 4.1%: What It Means for Future Rate Decisions

We have received the final October reading of Polish inflation today. It stands at...

August CPI Inflation Rises to 4.3% YoY: Elevated Inflation Expected to Persist Through 2024

According to a preliminary estimate, the CPI inflation rate for August was 4.3 percent year-on-year. This is a slight increase compared to the previous...

Eurozone CPI inflation close to target, rate cut in September increasingly likely

In August, the CPI inflation rate in the eurozone was 2.2% year on year. This reading is in line with market consensus. The indicator...

Inflation in Germany opens the door for rate cuts by ECB, euro retreats on markets

Yesterday's data from Germany on inflation has provided ample room for the European Central Bank (ECB) to lower interest rates at the next meeting...

The Polish economy in the second quarter was mainly driven by consumption

According to GUS data, the unemployment rate in Poland increased to 5.0% in July from 4.9% in June. The Polish economy grew by...

GDP without surprises, WIBOR rates gradually down, oil getting cheaper

Yesterday's data from the Polish economy did not surprise analysts. However, a slight surprise was the symbolic downward shift of WIBOR rates. In the...

Government Priorities for the Year 2025

On August 28, 2024, the Council of Ministers adopted the draft of the state budget for 2025, which focuses on security, economic development, and...

Poland’s Record-Breaking Budget: Defense, Healthcare, and Economic Growth at the Forefront of 2025 Fiscal Policy

Record Defense and Healthcare Spending, Citizen Benefits, Economic Revival, 3.9% GDP Growth, and Declining Unemployment – Key Directions of Fiscal Policy for Next Year. On...

Hungary Pauses Interest Rate Cuts as Inflation Falls to 4.1%

Hungary defied market expectations by maintaining its base interest rate at 6.75%, ending a streak of ten consecutive rate cuts. However, this should not be...

Salaries in Poland better than data from industry

Salaries in Poland are increasing by 10.6%, which is a very good result considering a 4.2% inflation rate. Unfortunately, industrial production is not faring...

The service sector is in better condition than the industrial sector

The PMI in August for the industry in the Eurozone was 45.6 compared to 45.8 a month before. A notable negative is Germany, where...

Swedes lower interest rates, inflation in Canada under control

The meeting of the Bank of Sweden took place without any surprises. It was expected to fall by 0.25% and it did. Inflation in...

India – The Rising Star of the Global Economy

For a third term under the leadership of Prime Minister Narendra Modi, India continues to both enjoy high economic growth rates (+6.4% in 2024...

Wages in Poland Rise Slower, Inflation Accelerates

The average salary in the enterprise sector in July 2024 increased by 10.6% year on year. The reading turned out to be lower than...

Polish Defense Industry: A Potential Engine for Economic Growth

The defense industry has the potential to be a driving factor for economic growth. Moreover, it is a sector that often leads in the...

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