All analysis from category Macro comment
Macro comment
Consumer prices in January: Slight decline in inflation
The start of the year confirmed that the period of high inflation is over. January tends to be a bit erratic as a large number of items in the consumer basket are revalued. This year, however, there was no big drama. The consumer price index rose 1.3 per cent month-on-month, while annual inflation fell to 2.8 per cent.
Macro comment
Industry in December: end of the year without improvement
Industrial production in December showed a year-on-year decline for the third month in a row.
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.
