Central Europe / Data
Czech consumer prices at lowest level since April
Czech inflation slowed to 2.0% year-on-year in November from 2.2% in October. The latest figure was recorded as the lowest level since April, the Czech Statistical Office (CSU) reported on December 10.
Slovakia´s GDP growth of 4.6% in 3Q18 driven mostly by non-domestic demand
The Slovak economy expanded at its fastest rate since the end of 2015 in the third quarter of this year, up by 1.6 percentage points to 4.6%, driven up mostly by non-domestic demand, Slovak Statistics Office shows
Czech retail trade growth accelerated by 6.4% in October, due to Christmas shopping
Czech non-adjusted retail trade increased by 6.4% in October year-on-year, up from 1.4% in September, driven mainly by sales via mail and online Christmas orders, according to the Czech Statistics Office data
Slovakia´s unemployment rate reached 6.4% growth y/y
Slovakia´s unemployment rate declined by 1.6 percentage point (pp) to 6.4% in 3Q18 year-on-year (for men it decreased by 1.8pp to 6% and for women by 1.4pp to 6.8% y/y), according to data published by the Slovak Statistics Office on December 7.
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Czech unemployment falls to 25-year low of 2.1%
The Czech seasonally adjusted unemployment rate fell to its lowest level in a quarter of a century of 2.1% in October, down by 0.5 percentage points (pp) year-on-year, according to the Czech Statistics Office data published on November 30.
Latvia’s industrial production falls for second consecutive month in October
Output fell for the second time in a row and the third time overall this year, slightly increasing worries of a slowdown in the industrial sector that could impede economic growth in the fourth quarter.
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Czech PMI dropped to its lowest level since August 2016
The Czech IHS Manufacturing Purchasing Managers Index (PMI) dropped to 51.8 in November from 52.5 in October, the fifth successive monthly fall in 2018 and the weakest growth since August 2016, figures released by IHS Markit on December 3 show.
Estonian industrial production growth weakens in October
The 1.7% y/y expansion rate marks a slowdown of 0.6pp compared to the sector’s performance in September. Still, output has now grown for 28 months straight in Estonian industry.
Labour cost in Czechia has been rising sharply
Czechia is a leader amongst fast rising labour costs in Central and Eastern Europe (CEE), with average wages up 9.3% y/y in the 2Q18, the sixth highest in the EU
Polish industrial production rebounds in October
The headline figure constitutes a solid rebound against the unadjusted growth of just 2.8% y/y in September, which confused analysts, especially in the context of a surge in the GDP growth in the third quarter.
Slovakia growth up by 4.6% in 3Q18, fastest growth since 2015
Slovakia growth up by 4.6% in 3Q18, fastest growth since 2015
Slovakia inflation accelerated to 2.5% in October
Slovak inflation remains at 2.5% year-on-year in October. Core and net inflation reached the value 2.7%, the Slovak Statistics Office reports
Czech economy growth slowed to 2.3%, below expectations
Czech economic growth came off the boil in October as the pan-regional boom in Central and Eastern Europe (CEE) starts to lose momentum. GDP increased by 0.4% quarter-on-quarter in the 3Q18, and by 2.3% y/y in October
Polish inflation eases to 1.8% y/y in October
Inflation remains subdued with Poland’s Monetary Policy Council unlikely to consider any policy change in the immediate future, even though some slightly hawkish undertones were present at the council’s last meeting.
Polish growth defies predictions of slowdown in Q3
The result is a surprise to the upside, as consensus predicted a slowdown in the second half of the year after dynamic expansion in the first six months.
Czech inflation slows to 2.2% in October as food prices fall
Czech consumer price inflation further slowed down to 2.2% year-on-year in October from 2.3% in September, the Czech Statistical Office (CSU) reported on November 9.