Weekly

This is the last weekly report in the current colours. From Monday onwards, #WeAreChangingToErste – expect our economic reports in a new visual layout.
The week will be shorter than usual – on Friday, a large share of European markets will be celebrating Labour Day.
In Poland, the only statistical data release will be the flash CPI inflation data for April, scheduled for Thursday, just ahead of the May long weekend. Our estimates, which take into account, among other things, the latest information on fuel prices at petrol stations and food price trends in online grocery stores, suggest that the inflation rate remained at 3.0% y/y, unchanged from March. The Bloomberg poll median is at 2.9% y/y. (...)

Key March economic activity data are coming this week. On Tuesday, we will see wages and employment, as well as industrial and construction output and producer prices. The picture will be completed retail sales and money supply data on Thursday, GUS Statistical Bulletin on Friday. March was the first month of the year in which weather conditions allowed producers and construction companies to operate normally, so we expect a clear rebound in their performance (...)