5January2026
December CPI inflation and PMI below expectations
Economic Analysis Daily
In today's Eyeopener:
- Today December manufacturing ISM index in the US
- Polish December CPI inflation slightly below expectations, PMI broke its streak of increases
- Polish unemployment rate in November stood at 5.6%, mortgage loan sales declined
- Zloty strong, bond yields and market rates remain low23December2025
Credit keeps accelerating
Economic Analysis Daily
In today's Eyeopener:
- Today data on registered unemployment, US GDP and consumer confidence
- Retail sales slowed in November to 3.1% y/y
- Money supply growth remained above 10% y/y
- Marcin Zarzecki appointed as the new MPC member
- Zloty weaker, FRA curve lower after softer retail sales data
22December2025
November retail sales due today
Economic Analysis Daily
In today's Eyeopener:
- Today data on business sentiment, retail sales and money supply
- NBP report: banking sector stable, credit market set to grow
- Slightly weaker-than-expected data from the US
- Mild upward correction on EURPLN, bond yields continue to fall19December2025
Złoty the strongest since March
Economic Analysis Daily
In today's Eyeopener:
- Today US consumer confidence data
- Wages grew more than forecast, unexpected drop in industrial output
- The president vetoed bills raising excise duty on alcohol and the sugar levy
- Policy rates unchanged in the Eurozone, Czechia and Sweden, up in Japan, down in the UK
- Further appreciation of the złoty, minor changes in the debt market18December2025
Today, data on output and the labour market
Economic Analysis Daily
In today's Eyeopener:
- Today, data on output and the labour market
- The Energy Regulatory Office cut tariffs on sales of electricity and distribution of gas
- Strong customer confidence survey results in December
- CEE currencies weakened further, zloty held firm, debt market stable