UN projections show populations will fall in every East European country this century, with Moldova’s set to contract by more than 51%.
The result shows that consumption, pushed by the tightening labour market, continues to be a major driver of economic growth.
The reading confirms analysts’ conviction that the April fall was a one-off and that the underlying trend in industry is one of strong growth.
Slovak inflation rose in May to 1.1% y/y and 0.2% m/m, but central bank sticks to average inflation forecast.
Foreign investment booms in Russia, Czech Republic and Hungary, and the regional upward trend is expected to continue this year.
Hungarian industrial production slipped again in April as it dropped 3% y/y, extending the sector's erratic performance since the start of 2016, according to preliminary data reported by statistics office KSH on June 7.
Estonia's consumer price index (CPI) grew 3.3% in annual terms in May, data from Statistics Estonia showed on June 7.
Latvia's calendar-adjusted industrial production grew 9.6% y/y in April, the Central Statistical Bureau (CSB) reported on June 5.
The Polish economy accelerated growth to 4% y/y in the first quarter, statistics office GUS confirmed on May 16, but consumers remain alone in the driving seat.
The Latvian economy grew 4% in unadjusted terms in the first quarter, the Baltic state’s Central Statistical Bureau (CSB) reported on May 31.
Estonian GDP expanded 4.4% y/y in the first quarter, Statistics Estonia announced on May 31.
Estonian retail sales grew just 1% y/y in March, according to data released by Statistics Estonia on May 31.
Latvian retail sales grew a calendar adjusted 2.8% y/y in April, an increase on the 1.5% expansion recorded the previous month, data from the Central Statistical Bureau (CSB) showed on May 30.