Domestic retail sales up, but not impressive enough

Despite that, this sum was lower tan the 15% expected by sector analysts, and the report had no effect on the markets. "Investors are focused on global data," said an analyst with Pekao, Tomasz Zdyb. According to economists, the good news is the fact that the growth remains a double digit figure, which proves that the revival of the economy is not slowing down. "If data for May confirm the high growth rate of the economy, we will not see a cut in interest rates until the end of this year," announced Raiffeisen Bank economist, Jacek Wiśniewski. GUS has also reported positive tendencies in the labor market, as in April the unemployment rate fell by 0.6% to reach 17.2%, which means that theoretically 2.7 million citizens remain without work. According to analysts this figure is in reality much smaller. (Puls Biznesu, p. 6) A.K.