Data from the national economy proved to be very good. Positively surprised both industrial production and retail sales. The latter rising by as much as 6.6%, which is the strongest since April 2014. For the production data is good both in the processing (+ 4.3%) and the seasonally adjusted data (+ 3%). Even construction output falls the least since March this year (-12.8%). Big surprise is also a clear acceleration in producer prices, which are rising as much as 1.7%. To a large extent this is due to a jump of prices in mining (+ 17.2%), but in manufacturing prices also grow faster, which means increasing inflationary pressures. Despite considerable surprises data passed completely without reaction of the market.
The market on Wall Street opened with cosmetic increases that are virtually negligible and we may speak about a flat early trading. It seems that the market after a strong rally begins to consolidate, which is the natural course of things.
An hour before the close of trading the WIG20 index was at the level of 1,921 points (+0,16%).