Slovak unemployment inched further down to 3.88% in March
1 day ago
Poland's consumer price index remained unchanged y/y in November, the first time prices did not drop since July 2014, statistics office GUS announced in a flash estimate on November 30.
The reading is in line with the consensus and the recent trend that has seen deflation ease every month since April, save July. With CPI moving in line with expectations of the Monetary Policy Council (MPC), and confirming earlier expectations of an escape from deflation by the end of the year, a cut in interest rates appears unlikely as ever.
Indeed, what talk there is of a change in interest rates from rate setters regards a hike, although that is not expected before the end of 2017 at the earliest. On the other hand, dovish views might receive some push from disappointing macroeconomic data. Poland’s GDP expanded just 2.5% y/y in the third quarter on the back of the weakest investment since 2010.
With retail sales and industrial production readings also disappointing, growth in the fourth quarter is expected at 2% at best, and economic expansion across the full year is now forecast at around 2.5%, a major difference from the government’s outlook of 3%-3.2% - a target that has steadily dropped from 3.8% at the start of the year.
Related Content
Data
_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.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Most Read
-
Europe unlikely to tackle Russian LNG imports anytime soon
2 days ago
-
Iran presses Afghanistan's Taliban to uphold water-sharing agreement
21 hours ago
-
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
5 days ago
-
Don't mention the "D" word - Ukraine
5 days ago
-
Romanian consumer protection body begins investigation into Temu and Shein
18 hours ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
7 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
25 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