Daily

  • 23February2026

    Renewed turbulence in global trade policy

    Economic Analysis Daily

    In today's Eyeopener:

    - Today we will see January data on retail sales and money supply
    - Business sentiment in industry and trade edged slightly lower in February after a strong rebound in January
    - The US Supreme Court ruled illegal the tariffs introduced by D. Trump under the IEEPA
    - In response, Trump imposed global tariffs of 15% under the Trade Act
    - Solid flash PMI readings for Germany and the euro area in February
    - Zloty remained stable; yield curves steepened

  • 20February2026

    Cold January full of downside surprises

    Economic Analysis Daily

    In today's Eyeopener:

    - Today flash PMI readings for February, 4Q GDP and the December PCE inflation in the US
    - Sub-zero industrial and construction output growth in January, below expectations
    - Slower-than-expected wage growth, a stronger fall in producer prices
    - Weaker zloty, market rates edged higher

  • 19February2026

    A set of January data is due today

    Economic Analysis Daily

    In today's Eyeopener:

    - Today January data on labour market, activity in industry and construction
    - In February, consumers assessed better their current situation, but lowered expectations a bit
    - MF expects investment growth of 10-11% in 2026
    - EURPLN still between 4.21 and 4.22, no significant changes in Polish bond yields

  • 18February2026

    Stable property prices

    Economic Analysis Daily

    In today's Eyeopener:

    - Today February consumer confidence, US industrial and housing data, January FOMC minutes
    - Dąbrowski (MPC) would prefer a rate cut in April rather than March, sees target for NBP rate at 3.5%
    - Property prices remained stable in 4Q25
    - CEE currencies slightly weaker, bond yields lower

  • 17February2026

    The budget starts the year in deficit

    Economic Analysis Daily

    In today's Eyeopener:

    - Today inflation data and the ZEW economic sentiment survey in Germany
    - Budget deficit amounted to PLN3.7bn after January
    - Złoty stable, a slight rise in domestic bond yields