All analysis from category Macro comment
Macro comment
Retail sales in December: year-end sales growth
Retail sales in December had risen year-on-year for a year in a row and, thanks to growth in real household incomes, continued growth in sales could be expected this year as well.
Macro comment
PMI in January: drop in production volume at the beginning of the year
The business conditions index was below the neutral value of 50 points in January for the thirty-second month in a row, indicating a decline in business activity.
Macro comment
GDP Q4: continued growth at the end of the year
After the negative shocks of previous years had faded, the economy continued to grow throughout this year.
Macro comment
Retail sales growth slowed in November
Retail sales had risen for the twelfth month in a row in November on a year-on-year basis and, owing to rising real household incomes, continued growth could be expected for the coming months.
Macro comment
Consumer prices in December: inflation within acceptable limits
As expected, inflation accelerated at the end of the year but managed to remain at the upper end of the tolerance band of the central bank's inflation target. In December, the consumer price index fell by 0.3 per cent month-on-month, while annual inflation moved from 2.8 per cent in November to 3.0 per cent.
