Central Europe / Data
Polish retail sales accelerate growth to 5.4% y/y in August
Seasonally adjusted, retail sales inched up 0.4% m/m in August.
Poland’s industrial production strengthens expansion to 13.2% y/y in August
Seasonally adjusted, industrial production grew 10.7% y/y in the eighth month after an expansion of 12.6% y/y in July.
Poland’s core inflation picks up growth rate to 3.9% y/y in August
The MPC will review new inflation and GDP projections during a sitting in November, widely thought to be crucial for the further course of Poland’s monetary policy.
Polish CPI surges 5.5% y/y in August
Inflation rises 0.5pp versus the preceding month.
Slovak inflation at its highest level since October 2012
Inflation hits 3.8% in August, driven by higher prices in transport, construction materials and food.
Czech inflation in August up to its highest level since November 2008
Czech inflation rose to 4.1% year-on-year in August, the highest since November 2008, up by 0.7 percentage points.
Hungary’s inflation on the rise in August after a temporary retreat
Hungary’s headline inflation edged up to 4.9% in August from 4.6% in July.
Czech unemployment down to 3.6% in August
The figure is down from 3.7% in July and by 0.2 percentage points year-on-year, making it the lowest among EU members.
Czech industrial production grows 7% in July
But complications in the supply of raw materials and necessary components may lead to production fluctuations in the coming months and hamper overall growth.
Slovakia's GDP grew by more than 9% in 2Q21, statistics office confirmed
In quarter-on-quarter terms, GDP reached 2% growth.
Poland’s CPI growth picks up to 5.4% y/y, according to flash estimate
The flash reading puts Poland’s inflation at a 20-year high, adding ever more political heat to the debate about whether the central bank should raise rates.
Poland’s GDP growth adjusted upward to 11% y/y in Q2
The reading is an upward revision of 0.3pp versus the flash estimate, and shows that Poland has well and truly shaken off the pandemic-induced recession.
Czech GDP up by 8.2% y/y in 2Q21
Quarter-on-quarter, Czech GDP increased by 1% in 2Q21, mainly due to a growth in final consumption of households and in gross fixed capital formation.
Hungary's jobless rate edges below 4% in July
Hungary’s labour market has been resilient and recovered quickly from the pandemic, helped by coordinated economic protection measures by the state and the central bank.
Slovak unemployment rate stands at 7.66% in July
Jobless figures fall for fourth consecutive month.
Poland’s inflation shoots to 5% y/y in July
A move to quash accelerating inflation from the NBP is, however, unlikely before it is clear how big the impact of the expected fourth wave of the COVID-19 pandemic will be.
Poland’s GDP soars 10.7% y/y in Q2 after pandemic recession
Growth expected to slow if government reimposes COVID-19 restrictions in the autumn.
Czech July inflation at its highest level since mid-2020
Czech consumer prices increased by 3.4% year-on-year in July, the highest figure since July last year, driven by higher prices in transport (by 18.5%) up by 0.6 percentage points (pp) month-on-month.
Hungary’s consumer prices ease in July
Hungary’s consumer prices rose 4.6% y/y in July, slowing from the peak of 5.3% in the previous two months.
Czech industrial input continues to increase in June
Czech industrial production increased by 11.4% year-on-year and by 1% month-on-month in June, according to the latest data from August 6 released by the Czech Statistics Office. The value of news orders went up annually by 22.8%.
