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.
"Remarkable and simply dreadful print. Clear evidence now of a very hard landing in Turkey," says analyst.
Real wages in Ukraine grew 14.7% year-on-year in July to $347 per month
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.
Sum has expanded since start of year, now stands at TRY1.01tn.
Russia’s producer price index of inflation has risen fast in the last few months on the back of rising oil costs and wage inflation to reach double digits.
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.
Analyst says it’s still “very early to gauge whether there has been an economic hit” although indicators suggest financial conditions haven’t tightened to anywhere near degree they did during 2013 “Taper Tantrum”.
Regulator has targeted small and iffy banks, usually glorified treasury operations for industrial groups or out and out money chute scams that whisk cash offshore undetected.
Russia's GDP in January-June 2018 increased by 1.6% year-on-year, according to the flash estimates of Rosstat statistics agency. This is slightly below the 1.7% estimated by the Ministry of Economic Development for the same period.
Ukraine’s 7M18 retail sales increased 6.0% y/y in real terms, slightly slowing from 6.2% growth in the first half of 2018, Ukraine’s State Statistics Service reported on August 20
Poland’s industrial production expanded by 10.3% in July y/y, but heralds a slow down in the economy’s expansion, country’s Central Statistical Office (GUS) said on August 20.