Turkey keeps policy rate constant at 50%
28 minutes ago
Estonian industrial production grew 2.5% y/y in June, working-day adjusted data from Statistics Estonia showed on July 31.
The expansion rate is 0.5pp slower than in May. Output has now grown for 24 months straight in the Estonian industry overall, helping economic growth. Estonia’s GDP grew 3.6% y/y in the first quarter, slowing down from an annual expansion of 5% in the fourth quarter. The second quarter growth figure is due on August 31.
Manufacturing output expanded a working-day adjusted 1.5% y/y in June, data showed. Production in mining jumped 16.5% y/y while energy production increased 2.2% y/y.
Most segments increased in production rate in the manufacturing sector, with the fastest expansion in the manufacture of chemical products, computer, electronic, and optical products, and motor vehicles. On the other hand, there were falls in the production of wood and wood products, furniture, and building materials.
In unadjusted annual terms, industrial production also grew 2.5% y/y in June. In seasonally adjusted monthly terms, output declined 0.9%.
Some 68% of industrial output was sold on the external market, Statistics Estonia also reported. That has been nearly a constant proportion over several months now. According to unadjusted data, export sales of manufacturing production grew 6% y/y in May, while domestic sales rose 3% on the year.
Related Content
Data
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Most Read
-
The models are wrong, climate change is accelerating faster than predicted
17 hours ago
-
Putinomics: Russia’s oil and gas revenue to double in April
10 hours ago
-
CEE recovering but no full rebound in sight, says wiiw
17 hours ago
-
Romanian consumer protection body begins investigation into Temu and Shein
1 day ago
-
Don't mention the "D" word - Ukraine
5 days ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
8 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
8 days ago
-
Don't mention the "D" word - Ukraine
5 days ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
2 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
26 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
30 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
28 days ago
-
Saudi Arabia to scale back plans for Neom city
15 days ago