Data
Turkey’s consumer confidence index droops 7% m/m in August
Data release comes as the lira goes back on the retreat against the dollar. Sentiment sours as the White House threatens more sanctions in the pastor Brunson affair.
Turkey’s retail sales growth falls further to 4.3% y/y in June
That's the lowest figure recorded since November last year.
Croatia’s consumer prices rise by 2.1% y/y in July
Croatia's consumer prices rose 2.1% y/y in July, slowing from the 2.4% annual rise in the previous month, data from the statistics office showed on August 17.
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Ukraine goods trade deficit declines 4% m/m in June
Ukraine’s goods trade deficit declined 4.0% m/m to $599mn in June from $623mn in May, the State Statistics Service stated in its preliminary report released on August 14. That puts Ukraine on course to end the year with a $7bn trade deficit.
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Russian industrial production picks in July with 3.9% expansion
Russia’s industrial production improved in July, rising to 3.9% y/y after taking a hit a month earlier when it fell back to 2.2% in June, Rosstat reported on August 15.
Polish core inflation remains stuck at 0.6% y/y in July
Reading provides further justification for Poland's rate-setters not to change their dovish outlook.
Gap between Turkey’s home price growth and inflation widens to over 5pp in June
Situation for property owners may be set to worsen further with Turkey's currency crisis set to push CPI to around 20% in coming months say analysts.
Turkey obliged to repay $179bn in foreign debts within one year as of end-June
With the jury out on whether Turkey's currency crisis will morph into a debt crisis, data shows public sector facing repayments of around $32bn and the private sector $146bn.
Romania’s GDP picks up in Q2 after two sluggish quarters but 5.5% growth target now unrealistic
The annual growth rate strengthened marginally to 4.1% y/y from 4.0% in Q1. The 5.5% y/y target for the overall 2018 growth rate inked by the state forecasting body and used by the government in the first budget revision now seem unrealistic.
Annual home sales growth in Turkey falls to 7% in July, mortgage sales down 21% y/y
Construction industry has already started showing signs of a slowdown ahead of expected monetary and fiscal tightening amid Turkey's financial crisis.
Turkey’s unemployment rate edges up to 9.7% in May
Joblessness among youth rises sharply from 16.9% to 17.8%.
Turkey’s budget deficit expands 85% y/y in January-July
Shortfall is likely to widen due to economic weakness and, probably, a modest loosening of fiscal policy, say analysts.
Sberbank becomes Russia’s most valuable brand
In the topsy turvy world of Russian business it is perhaps no surprise that a state-owned bank is the biggest in the country, Russia’s most valuable company, highest profile financial institution — and now most valuable brand.
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Ukraine economic growth accelerates to 3.6% y/y in April-June
Ukraine's GDP grew by 3.6% year-on-year in April-June, following a 3.1% y/y growth in January-March, the Ukrstat state statistics service reported on August 14.
Czech GDP decelerated to 2.3% in 2Q18 as the economy hits its limits
Czechia’s economic growth decelerated to 2.3% year-on-year in the second quarter of 2018 from 4.2% growth in the first quarter as the economy runs up against its structural limits, the Czech Statistics Office (CSU) said on August 14. The main reason
Over 130mn people watched the World Cup in Central and Eastern Europe
Almost half the population of the CEE region were glued to their tellies watching the FIFA World Cup between June 14 and July 15 this year. The Russian game against Croatia attracted the biggest TV audience in 20 years.
Polish inflation confirmed at 2% y/y in July
The reading sees inflation maintain the growth rate seen in June.
Acute labour shortages limit GDP growth in CEE countries
Colliers International warns of limitations to GDP growth and a threat of recession if the labour force squeeze caused by low unemployment and high emigration continues.
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Russian GDP grows 1.8% in the second quarter of 2018
Russia’s GDP expanded by 1.8% in the second quarter, a bit weaker than analysts were expecting but up from 1.3% in the first quarter and continuing in the right direction, economists said on August 12.
Slovak industry increased by 2.1% y/y in June driven by car industry
Slovak industrial production increased by 2.1% y/y in June and when seasonally adjusted, industrial output remained unchanged m/m, data published by the Slovak Statistics Office (SU SR) on August 10 show.