22August2025
Positive surprises in industry in Poland and abroad
Economic Analysis Daily
In today's Eyeopener:
- Today, business climate indices, detailed German GDP, J.Powell’s speech
- Industrial output accelerated in July to 2.9% y/y, wages slowed to 7.6% y/y
- Unexpected improvement of sentiment in industry in Germany, euro zone, USA
- Finance Ministry plans tax increases in 2026
- Weaker CEE currencies, small changes in debt markets
21August2025
Big set of domestic data due today
Economic Analysis Daily
In today's Eyeopener:
- Today, domestic data on labour market, production, PPI; abroad flash PMIs for August
- HICP inflation in the euro zone remained at 2.0% y/y, in Poland fell from 3.4% to 2.9% y/y
- Foreign exchange and interest rate markets remain stable
20August2025
ECB has inflation on target
Economic Analysis Daily
In today's Eyeopener:
- Today, final HICP inflation data in the euro zone, FOMC minutes from July meeting
- Heating subsidies proposed by the government should be neutral for inflation
- Small changes in the FX and interest rate markets
19August2025
Core inflation lowest in more than five years
Economic Analysis Daily
In today's Eyeopener:
- Today, US data on new housing starts
- USA will help to arrange security guarantees for Ukraine
- Core inflation fell to 3.3% y/y in July
- Small changes in the FX and fixed income markets on Monday
18August2025
Inflation declined, budget deficit increased
Economic Analysis Daily
In today's Eyeopener:
- Today, core inflation data for July, Trump-Zelensky meeting
- GUS confirmed CPI decline to 3.1% y/y in July
- State budget deficit increased to PLN156.7bn at the end of July
- Quite calm market reaction to Trump-Putin meeting