Eastern Europe / Data
Russia posts accelerated 4.6% GDP growth in January
Russia's economic growth accelerated in January 2024, expanding by 4.6% y/y, up from a 4.4% increase in December, according to the Russian Ministry of Economic Development.
Russia's industrial production up 4.6% in January
Russia's industrial production accelerated in January to 4.6% y/y, the highest in three months and up from 2.7% in December, Rosstat reported on February 29.
Putin’s repressions of 116,000 people surpasses Khrushchev, Brezhnev - Proekt
Russian President Vladimir Putin’s regime has persecuted at least 116,000 in just the last six years, Russian outlet Proekt estimates in a study released on February 22 dedicated to the memory of opposition figure Alexei Navalny.
Europeans, Ukrainians increasingly at odds over prospect of victory over Russia – polls
Only one in ten of respondents in the EU believe that Ukraine can win the war against Russia, according to a new survey commissioned by the European Council on Foreign Relations (ECFR)
Russian inflation at 7.4% in January ahead of CBR policy meeting
Russian consumer price inflation posted 0.9% month on month and 7.4% year on year in January 2024, according to the latest data from RosStat.
Russia’s current account surplus up to $6.4bn in January
The current account surplus of Russia’s balance of payments in January 2024 improved notably to $6.4bn from $0.7bn seen in December 2023, according to the preliminary estimates of the Central Bank of Russia (CBR).
Inflation in Ukraine for January 2024 fell to 4.7%, down from 5.1% in December
Inflation in Ukraine for January 2024 fell to 4.7%, down from 5.1% in both December and November.
Russia's retail turnover up 10.2% in December, 6.4% in 2023
Russia's retail trade turnover continued its strong growth in December, increasing by 10.2% y/y, and expanding by 6.4% y/y over the whole of 2023 to reach a total of RUB47.4 trillion ($520.1bn) in comparable prices.
Russian service providers recorded a robust start to 2024 with a PMI index of 55.8
Russian service providers recorded a strong start to 2024, as business activity grew sharply, according to the latest S&P Global service PMI, posting a robust seasonally adjusted 55.8 in January, down slightly from 56.2 in December.
Russian industrial production slows to 5.3% at the end of 2023
Russia’s industrial production growth slowed to 2.7% year on year in December 2023, implying year-end growth of 3.5% y/y (after +0.7% y/y in 2022), while on a seasonally adjusted basis, the composite industry output index was unchanged.
Russia's Manufacturing PMI falls to 52.4 points in January
The S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) fell to 52.4 points in January 2024 from 54.6 points in the previous month, S&P Global analytical agency reported.
Number of Russian dollar millionaires falls by a quarter, to last place amongst the BRIC countries
The number of dollar millionaires residing in Russia is down by a quarter (24%) since 2013, to 68,400 high net-worth individuals, ranking Russia last amongst the five BRICS countries.