Data
Home sales in Turkey fall 9% in September, mortgage sales sink 72%
Some relief evident, however, for FX-loan indebted construction firms with Turkish lira strengthening around 20% since start of September.
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Belarus reports 3.7% y/y GDP growth in January-September
Belarus' GDP grew by 3.7% year-on-year in January-September following the same growth in January-August (and a 4.4% y/y growth in January-July), according to the national statistics agency Belstat.
Turkey’s end-year inflation expectations reach 24.22% in October
The figure is a big advance on September's forecast of 19.61% with the country's CPI having surprised the market by springing from 17.9% in August to 24.52% in September.
Slovakia inflation at 2.5% in September
Slovak average harmonised inflation rate amounted at 2.5% in September, the Slovak Statistics Office reported on Wednesday October 17. In August the inflation accelerated to 2.8% y/y from 2.6% in July.
Turkey’s one-year foreign debt repayment obligations down 3% m/m to $175bn at end-Aug
Country must repay $45bn in foreign debts across August-December, with private sector share calculated at $37bn says Treasury.
Vehicle sales in Turkey expected to fall 39% y/y in 2018 says automotive association
Turkish Automotive Distributors’ Association sees sales of 600,000 units in 2018 and 450,000 in 2019.
Turkey’s retail sales growth falls to 18-month low of 1.3% y/y in August
Consumers tightening their belts amid currency crisis, roaring inflation and the likelihood of a severe recession.
ICT sector pushes Bulgaria, Romania to respectable rankings on global competitiveness index
Both Southeast European countries were ranked below most of their EU peers in the World Economic Forum’s Global Competitiveness Report 2018, but performed well in the ICT category.
Slovenia a world-beater in macroeconomic stability, WEF report says
The World Economic Forum’s Global Competitiveness Report 2018 gives Slovenia a perfect score for macroeconomic stability.
Romania’s construction index plunges over 10% y/y in August
Deepest decline was in the residential segment.
Turkish private sector’s one-year foreign loans repayment obligations down 3% m/m to $69bn in August
Swathes of companies seeking bankruptcy protection amid country's currency crunch.
Gap between Turkey’s home price growth and inflation reaches 804bp in August
Figure compounds worrying trend of lost value for home owners that now stretches back a year.
More than a third of Bulgarians and Romanians at risk of poverty
Two Southeast European states have the highest risk of poverty and social inclusion among EU members, while the lowest risks are in the Czech Republic.
Romania ranked worst among EU countries on Social Progress Index
Romania’s low scores, in particular for water, sanitation and public health, reveal deficiencies in the distribution of economic growth and public spending, report's author says.
IMF ranks Ukraine as Europe's poorest country
With per capita GDP in current prices in US dollar terms of $2,964.193 Ukraine is Europe's poorest country
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Russia's industrial output growth slows further in September
Russia's industrial output growth continued to slow in September 2018, down to 2.1% year-on-year from 2.7%
Turkey’s adjusted industrial output growth surprises again
Softer indicators, however, continue to suggest country is on course for a hard landing, analysts say.
Turkey’s unemployment rate reaches 10.8% in July
Amid warnings that Turkey is on course for a deep recession, figures show sustained decline in construction industry jobs and another worrying rise in youth joblessness.
Turkey’s budget deficit contracts 7% y/y in September on non-tax revenues
Income from interest and fines almost triples due to unexplained miscellaneous revenues.
Growing Fx/gold reserves to $500bn no priority for Russia's CBR
The goal of increasing Russia’s gross international reserves (GIR) to $500bn is not longer a priority for the Central Bank of Russia (CBR), the deputy head of the regulator Xenia Yudaeva told on October 12, as cited by Reuters.