Recent Updates
- US: Philadelphia Fed State Coincidence Indexes (Apr)
- US: Advance Durable Goods (Apr)
- Maldives: Depository Corporations Survey (Apr)
- Mexico: GDP (Q1), Economic Activity (Mar), Trade (Apr)
- Bosnia: PPI (Apr)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
by Louise Curley September 25, 2012
Haver's updates today include several for Poland. Most of them show that the Polish economy, that
had outperformed many of its Eastern European neighbors, is now continuing
to slow down.The index of industrial production has fluctuated
between 144.6 (2005=100) and 150.3 so far this year and was 147.4 in
August down from 148.0 in July. After virtual
stability in the first four months of this year at between 12.4% and
12.5%, the unemployment rate had increased to 13% by August. The
unemployment rate and the index of Industrial Production are shown in the
first chart.
The year to year change in Retail Trade in constant prices has decelerated markedly during the year, from 9.9% in January to 2.3% in August. Average monthly wages and salaries have shown a similar trend, decelerating from 11.5% in January to 2.6% in August. The second chart shows longer term trends in monthly wages and salaries and Retail Trade.
The September balances of opinion for the Business Tendencies Series, that are shown in the third chart, have all become more pessimistic and suggest further declines in the Manufacturing, Construction and Retail sectors of the economy.
The data for Poland can be found in the EMERGE and EMERGECW databases.
Sep12 | Aug12 | Jul12 | Jun12 | May12 | Apr12 | Mar12 | Feb12 | Jan12 | |
Industrial Production (2005=100) | -- | 147.4 | 148.0 | 144.6 | 147.4 | 148.1 | 145.0 | 147.8 | 150.3 |
Unemployment(%) | -- | 13.0 | 12.9 | 12.9 | 12.6 | 12.5 | 12.4 | 12.5 | 12.5 |
Retail Sales in Const Prices (Y/Y %) | 2.3 | 3.4 | 2.6 | 4.3 | 1.8 | 6.9 | 8.9 | 9.9 | -- |
Avg Mthly Wages&Salaries (Y/Y %) | -- | 2.6 | 2.4 | 5.6 | 4.6 | 3.2 | 5.7 | 3.1 | 11.3 |
Manufacturing | -7.7 | -5.3 | -4.4 | -1.1 | -2.0 | -1.5 | -0.9 | -0.1 | -1.7 |
Construction | -23.8 | -19.2 | -18.4 | -20.8 | -14.4 | -14.2 | -10.6 | -14.6 | -12.5 |
Retail | -8.4 | -6.9 | -6.0 | -6.9 | -6.0 | -5.0 | -3.0 | -4.4 | -4.2 |