Czech regulator hikes rates by 0.25bp to 3.75% in first monetary change in 13 months
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Georgia’s GDP is estimated to have grown by a real 6.5% y/y in April, statistics office Geostat said on May 30. This is an acceleration compared to the first quarter of the year; the first four months of the year saw average growth estimated at 5.5% y/y, with the April estimate dragging the average up.
Growth during the month was driven by transport, financial intermediation, trade, manufacturing, real estate and “other community, social and personal service activities”.
The estimate is based on administrative data on VAT taxpayers’ turnover, fiscal and monetary statistics.
Geostat also reported the consumer price index grew 2.5% y/y but fell slightly in monthly terms to 99.8% of the March value.
The producer price index was up 7.8% y/y, but also registered a marginal decrease to 99.9% of its level the previous month.
Both imports and exports of goods advanced rapidly, rising by 22.2% and 22.1%, respectively. Imports continue to dwarf exports, at $2.8218bn in April compared to exports of just $961.4mn.
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