Czechs have embraced online shopping: Czechia has the highest number of e-shops per capita in the EU, and more than 43% of non-food products are now sold via e-shops in the Central European country.
Czech industrial producer prices index (PPI) for August increased by 0.1% m/m and by 3.3% y/y. That represents a slight slowing in inflation growth from the month before: in July, the growth accelerated to 3.4% y/y - the fastest since February
The annual rise was supported by a number of salary hikes in the public sector and a rise in the minimum wage. However, compared to other EU member states, labour remains cheap.
Employers in two Southeast European economies report robust hiring intentions, as global picture remains positive despite looming trade wars and Brexit uncertainty, ManpowerGroup survey shows.
The Czech IHS Markit Manufacturing Purchasing Managers Index (PMI) fell to 54.9 in August from 55.4 in July, the weakest result since August 2017, figures released by IHS Markit show.
Serbia holds top spot worldwide in terms of jobs created by foreign direct investors relative to its population size, with fellow Central and Southeast European countries dominating the top 10 locations, IBM's Global Location Trends report shows.
Growth moderated for the second consecutive quarter, as domestic demand expanded a modest 4.5% y/y, held back by a 0.8% annual fall in investment.
Retail sales grew a calendar-adjusted 4.3% y/y in July, slowing down the annual growth rate by 1.3pp in comparison to June.
Slowdown ends mini-series of faster growth figures, but in broader terms strong retail sales coupled with rebounding investment are poised to keep the Lithuanian economy on a steady growth path in 2018.
Poland has turned in a raft of strong results recently, and PM Mateusz Morawiecki says rising investment will continue to drive the country’s robust growth, despite structural limitations.