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Selected tag: labour market
1 week ago
Rising hawkish tide leaves the NBP behind
MacroCompass June 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
1 week ago
Feeble consumption growth in 1Q26
A calm week ahead, most awaited event is the ECB’s rate decision (we expect a 25bp hike).
4 weeks ago
Poland’s wage growth reaches a five-year low
Wage growth decelerated markedly in April to 5.4% yoy, down from 6.6% a month earlier, surprising the market consensus but not us. This was the result of a combination of several one-off factors, which pushed the reading to its lowest level in five years. Meanwhile, employment maintained its pace of decline at -0.9% yoy.
5 weeks ago
The global economy running on empty
MacroCompass May 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
1 month ago
Wage growth in Poland boosted by one-time bonuses
Wage growth in the enterprise sector edged up in March compared with February (6.6% vs. 6.1% yoy), coming in slightly above the consensus (6.3%). The upside surprise was most likely driven by bonuses in the mining and energy sections. Meanwhile, employment declined by 0.9% yoy, falling short of expectations (-0.8%).
2 months ago
Ceasefire takes tail risks off the table
MacroCompass April 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets