Deloitte: Poland enters the phase of economic expansion

The divergence of economic moods in Poland...

Two Years On: War in Ukraine and Its Global Impact

On February 24, 2022, a full-scale Russian...

Tag: Bartosz Wałecki

Eurozone Inflation Stays Near Target, ECB Rate Cuts Remain on Track

The CPI inflation in the Eurozone for June was 2.5% year-on-year, in line with market consensus. Core inflation remained at 2.9% year-on-year, slightly higher...

May PMI Readings from Germany Confirm the Acceleration of the Service Sector

In Germany, the CPI inflation rate in May was 2.4% year-over-year compared to 2.2% in the previous month. This reading was in line with...

Eurozone Manufacturing PMI for May Rises to 47.4, Indicating Signs of Recovery

The Manufacturing PMI for the eurozone in May was 47.4, compared to 45.7 points the previous month. The reading was better than the forecast...

Strong Wage Growth Continues to Drive Economic Growth in Poland

The average wage in the enterprise sector in April 2024 increased by 11.3% year-on-year. This reading was lower than the forecasts (12.1%) and lower...

Private Consumption Could Be the Main Driver of Poland’s Economic Growth This Year

The April core inflation reading was 4.1% year-on-year. Excluding energy and food, prices increased by 0.7% month-on-month. The year-on-year core inflation rate has been...

NBP Holds Rates Steady at 5.75%, Further Cuts in 2024 Unlikely

The NBP's reference rate remained unchanged at 5.75%. This decision aligns with market consensus, and it was generally not expected to differ. The arguments...

April CPI Inflation in Poland at 2.4% Year-on-Year, Aligns with Market Expectations

The CPI inflation rate in April was 2.4% year-on-year. This reading is in line with market consensus. At the same time, inflation began to...

Eurozone Manufacturing Slips Further, Services Shine: Split Economy Raises Questions for ECB

The April PMI for the manufacturing sector in the eurozone was 45.6, down from 46.1 the previous month. The reading was worse than forecasts,...

Record-High Salaries in Poland

The average salary in the enterprise sector in March 2024 increased by 12% year-on-year. The rise in average salaries was significantly influenced by an...

German Industrial Weakness Persists

The Manufacturing Purchasing Managers' Index (PMI) for the Eurozone was 45.7 in March, compared to 46.5 the previous month. This figure turned out to...

Fed Holds Steady, Cuts Expected Later This Year

As expected, the federal funds rate remained unchanged. This month, we were introduced to a new "dot plot". The projection suggests that rates will...

Inflation in the USA is not slowing down

The CPI inflation in the USA was 3.2% y/y in February. The indicator has been in the range of 3.0-3.7% since June. The market...

ECB Holds Steady on Rates

The European Central Bank (EBC) has left interest rates at their current level. The EBC has maintained these high rates for several months now....

NBP Reference Rate Remains Unchanged

The National Bank of Poland's reference rate remained unchanged at 5.75 percent. This decision aligns with market consensus and no one really expected a...
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