Russians have given up on saving and are borrowing more instead to fund their lifestyle, data from the Central Bank of Russia (CBR) shows. Borrowing from banks has doubled in eight years and two thirds have no savings at all.
Ukraine's foreign exchange reserves increased by 21% to $18.805bn in 2017, the National Bank of Ukraine (NBU) says
Turkey’s calendar-adjusted industrial production index moves up 7% y/y in November, representing weaker output growth compared to October when a 7.4% y/y rise was recorded.
Turkey’s cash budget ran a deficit of TRY21bn (€5.6bn) in December, representing a significant 158% y/y increase compared to the TRY8bn recorded in December 2016.
The gain leaves overall price growth in 2017 at 3.4% as well, a major pick up compared to inflation of just 0.1% in 2016.
Lithuanian retail sales grew at an unadjusted 4.8% y/y in November at constant prices.
November marked the 24th month in a row in which sales expanded, helped by rising real incomes.
Estonian retail sales fell 1% y/y in constant prices in November, the first fall since June 2013.
The expansion is 3.5pp slower than the annual reading for October and marks a return to the subdued growth figures that dominated in the second half of 2017.
The November growth remains in line with forecasts indicating the Latvian economy’s shift to a higher gear in 2017.
Poland’s international reserves contracted 2.1% m/m to PLN394.4bn in December.
Retail sales continue steady rise with 5.7% y/y growth in November despite crisis at retail giant and major employer Agrokor.
The continuous growth of industrial production should keep the Lithuanian economy – which expanded by just 2.2% in 2016 and by 3.4% y/y in the third quarter – on a path to beat last year’s performance.
Data shows Slovenia spent 16.7% of GDP on social protection in 2016 with ageing population a key concern.
Ukraine's real GDP grew 2.1% year-on-year in July-September, which is in line with previously released numbers, the Ukrstat state statistics agency in Kyiv reported on December 19.
In seasonally adjusted terms, industrial production expanded 6.9% y/y.
Polish retail sales grew 8.8% y/y in constant prices in November, up from 7.1% in October.
Russia’s Central Election Commission (CEC) has been allocated RUB17.7bn ($302mn) for cover the costs of running the presidential election scheduled for March 2018, the commission said in a statement on December 18.
Industrial producer prices (PPI) grew just 0.9% year-on-year and fell 0.1% month-on-month in November, according to data released by the Czech Statistical Office
Russia's industrial output in November unexpectedly dropped by 3.6% year-on-year and 1.4% in adjusted month-on-month terms, showing the fastest monthly decline since October 2009, December 15 report by Rosstat statistics agency showed.