Last week was abundant in data from the real economy. CPI, average wage, employment, industrial and construction output, all were published this week. The releases came in a rather mixed tone. Both the labor market and the industrial output data disappointed and inflation surprisingly fell, driven by a one-off. However, it should not be interpreted as a harbinger of easing growth momentum, we still think that the recovery is proceeding.
Polish Weekly Review, 18 października 2013
Last week was abundant in data from the real economy. CPI, average wage, employment, industrial and construction output, all were published this week. The releases came in a rather mixed tone. Both the labor market and the industrial output data disappointed and inflation surprisingly fell, driven by a one-off. However, it should not be interpreted as a harbinger of easing growth momentum, we still think that the recovery is proceeding.
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