Solid rebound in construction output
Economic Analysis | DailyIn today's Eyeopener
- Today, GUS business climate indicators, flash PMIs in Europe and USA
- Output in industry and construction above consensus, wage growth slowed
- Zloty again below 4.17, bond yields higher
Large set of domestic data today
Economic Analysis | DailyIn today's Eyeopener
- Today, data from the Polish labour market, industrial and construction output, PPI
- Consumers more open to spend in February, yet more afraid of unemployment
- Clear weakening of CEE currencies, local bond yields slightly higher
First interest rate cut possible in 3Q
Economic Analysis | DailyIn today's Eyeopener
- Today, consumer confidence survey for February
- MPC’s Kotecki: first rate cut possible in 3Q
- MoF financed 45% of this year’s borrowing needs
- EURPLN declined to 4.15, bond yields slightly higher
Budget deficit in 2024 lower than planned
Economic Analysis | DailyIn today's Eyeopener
- Today, German ZEW index, first meeting of US and Russian officials on Ukraine
- Estimate of central budget balance in 2024 at -PLN210.9bn
- Small changes in financial markets amid US holiday
Inflation rebounded more than expected
Economic Analysis | DailyIn today's Eyeopener
- Today, market holiday in the US, meeting of European leaders on security in Paris
- CPI inflation rose in January to 5.3% y/y, more than expected
- 4Q GDP for euro zone revised up, US retail sales weaker than expected
- Zloty and local bonds stronger at the end of the week