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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBusy Week for Polish Data Begins With Current Account Figures
- A relatively busy data slate this week commences with current account data this afternoon (1300GMT/1400CET). The data is expected to show a narrowing current account deficit (Est: -EUR54m vs. -EUR202m prior). ING forecast that in September the current account was broadly balanced, with surpluses in trade in goods and services covering negative gaps of primary and secondary income accounts. They estimate that in September exports fell 3.9% y/y, while imports nose-dived 12.7%.
- GDP data is on the docket on Tuesday (Est: +0.4% y/y; Prior: -0.6% y/y). According to ING’s forecast, GDP turned positive again in Q3, expanding by 0.7% y/y after two consecutive quarters of annual declines. The biggest improvement is expected in household consumption, which they expect fell by only 0.2% in the third quarter, while fixed investment expanded by 7.5% y/y. UniCredit’s forecast for 3Q23 GDP is 1.1% y/y, though they say high frequency data hint at downside risks to their forecast.
- The final inflation estimate for October will be released on Wednesday (Flash reading: 6.5% y/y). Goldman Sachs expect the flash estimate to be confirmed, which showed inflation to continue declining from 8.2% y/y in September to 6.5% y/y in October based on a broad easing of price pressures across categories. Their estimates show core inflation declining from 8.4% y/y to 7.6% y/y.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.