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Search results - Macroeconomic analysis - Bank Pekao S.A.

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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