Eastern Europe / Data

Russia’s banking sector recovers after a catastrophic summer and is back in profit – just

Ben Aris in Berlin November 19, 2017

Russian banks earned an aggregate profit of just RUB18bn ($300mn) in the first 10 months.

Belarus' industrial output increases 8.1% y/y

bne IntelliNews November 19, 2017

The revival of the Russian economy has spilled over to carry Belarus’s economy forward this year faster than expectations at the start of the year.

Russian industrial output stalls in October

bne IntelliNews November 17, 2017

Industrial output in Russia failed to show growth for the first time since March, slipping by 0.1% in month-on-month seasonally adjusted terms.

Russia's Watcom Shopping index falls hard in October

bne IntelliNews November 16, 2017

The school shopping bump that lifted the Watcom Shopping index at the end of summer has worn off and the index has fallen back heavily in the last few weeks.

Sberbank’s Ivanov Consumer Confidence Tracker rising but still negative

bne IntelliNews November 16, 2017

Consumer confidence improved to -12% in the third quarter compared to -15% in Q2.

Ukraine reports 2.1% y/y GDP growth in July-September

bne IntelliNews November 15, 2017

Ukraine's real GDP grew 2.1% year-on-year in July-September, the Ukrstat state statistics agency in Kyiv reported on November 14.

GDP growth in Russia disappointingly slows

bne IntelliNews November 14, 2017

Russia's GDP disappointed on the down side as the July-September numbers came in well below the government expectation at 1.2%, making the annual GDP growth amount to 1.8%.

Belarus reports 1.2% m/m inflation in October

bne IntelliNews November 13, 2017

Inflation in Belarus stood at 1.2% month-on-month (5.3% year-on-year) in October, following a 0.3% m/m growth (4.9% y/y) in September, the national statistics agency Belstat reported on November 9.

Ukraine’s consumer price inflation decelerated to 14.6% y/y in October

bne IntelliNews November 10, 2017

A strong base effect was responsible for the deceleration from 16.4% y/y in September, as there was a significant hike in tariffs in October 2016.

Car sales in Russia up 17.3 % in October

bne IntelliNews November 9, 2017

Russian sales of new passenger cars and LCVs accelerate by 17.3% y/y in October, marking the eighth consecutive month of expansion.

EBRD confirmed Ukraine's GDP growth in 2017 at 2%

bne IntelliNews November 8, 2017

Despite not receiving any more IMF funds this year, Ukraine's economy is still on track to grow by 2%

Belarus returns to growth after two years of recession, says EBRD

bne IntelliNews November 8, 2017

The EBRD has upgraded its growth forecast for Belarus' 2017 GDP to 1.5% from 0.5% predicted in May

Sberbank drops its lowest mortgage rate by 0.3% to 8.6%-9.7% per annum

bne IntelliNews November 8, 2017

Borrowing in Russia is becoming more affordable due to falling Central Bank of Russia (CBR) rates sparking a drop in Sberbank's mortgage rates

Russia's inflation hits new historic low at 2.7% in October

bne IntelliNews November 8, 2017

Russia's Consumer Price Index (CPI) in October fell again to an extraordinary low of 2.7% year-on-year down from the already low 3% seen in September, Rosstat statistics agency said on November 7.

Russia's Services PMI growth softens in October

bne IntelliNews November 3, 2017

The latest PMI survey data signalled a weaker start to the final quarter of 2017 for the service sector but business activity still made increases

Belarus central bank forecasts key refinance rate at 10% in 2018

bne IntelliNews November 3, 2017

The regulator is not intending to reduce the refinancing rate next year and estimates that inflation will be about 6% in 2018

Russia's manufacturing PMI growth still shaky in October

bne IntelliNews November 1, 2017

Russia's manufacturing Purchasing Managers' Index (PMI) showed some growth in October, while both output and new orders for Russian manufacturing producers eased and overall performance was the weakest since June, according to the IHS Markit report.

Ukraine's central bank revises 2017 GDP growth upward to 2.2% y/y

bne IntelliNews October 30, 2017

The forecast for Ukraine's GDP has been raised from its gloomier prediction of 1.6% in July to 2.2%. A rise in consumer consumption is thought to be the main driver of the higher than expected growth