Polish manufacturing picked up in November with the Markit PMI manufacturing index rising from October’s 25-month low of 50.2 to 51.9 in November, indicating a stronger overall rate of growth in the sector.
Polish GDP expanded 2.5% on the year in the third quarter. The disappointing growth was driven by the biggest fall in investment since 2010, leaving consumption the lone pillar of economic growth. The worry is that will fade early next year.
Poland's consumer price index remained unchanged y/y in November, the first time prices did not drop since July 2014, statistics office GUS announced in a flash estimate on November 30.
The Latvian economy grew a seasonally adjusted 0.3% y/y in the third quarter, a second reading from the Central Statistical Bureau (CSB) showed on November 30.
Lithuanian GDP grew an unadjusted 1.7% y/y in the third quarter of 2016, according to a second estimate released by Statistics Lithuania on November 30.
Polish industrial production contracted 1.3% y/y in October, data from statistical office GUS showed on November 21. The weak result casts severe doubt on GDP growth for the final quarter of the year.
Polish retail sales grew 4.6% y/y in constant prices in October, statistics office GUS announced on November 21. The reading is weaker than September’s growth of 6.3% y/y, and dents somewhat hope for a GDP growth rebound in the final quarter of the
Polish GDP expanded just 2.5% on the year in the third quarter of the year, the country’s statistics office reported in a flash estimate on November 15.
bne’s Despair Index values are contained in most developed countries of the world and many of the former Eastern Bloc countries have scores on a par with their Western peers. But the share of poverty remains too high in many countries.
Poland's consumer price index dropped 0.2% y/y in October, trimming its fall from 0.5% the previous month.
The ongoing struggle of the vital carmaking sector to stabilize, together with a decline in other important subsections dragged on Hungarian industry as output slumped back into decline September.
Estonian GDP expanded 1.1% on the year in the third quarter, adding 0.3pp to the tempo seen in April-June, Statistics Estonia announced in a flash estimate on November 11.
The Lithuanian consumer price index (CPI) grew 0.9% y/y in October, accelerating slightly over the previous month, data released by Statistics Lithuania on November 9 showed.
Following a sharp surge in August, Hungary’s industrial output slumped back into decline in September, decreasing 3.7%.
Hungary’s CPI increased to 1% in October, which represents a three-year high, as fuel prices added momentum.
Turkey is at the bottom of the World Justice Project Rule of Law Index 2016 but only just above Russia, Kyrgyzstan and Ukraine.
Hungary’s retail sales increased 5.1% y/y in September, according to both raw and calendar-adjusted data, statistics office KSH said in a preliminary estimate on November 7.
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