Ford drives hike in car production in Romania
1 day ago
Industrial output in Russia stalled in October failing to show growth for the first time since March and posting 0% year-on-year growth and slipping by 0.1% in month-on-month seasonally adjusted terms, Rosstat agency said on November 16.
Following the disappointing third-quarter GDP numbers, industrial output statistics in October show that 2.1% GDP growth goal of the Russian government for 2017 is not going to be a slam-dunk.
Analysts surveyed by Reuters expected industry to expand by 1.1% y/y in October after 0.9% growth seen in September.
In January-October overall industrial output expanded by 1.6% y/y, slowing from 1.8% y/y seen in January-September.
The negative dynamics of industrial output was due to falls in all components of the indicator, with utilities contracting by 2.1% due to warmer weather. Extraction slipped by 0.1% for the second month in a row, due largely to compliance with Opec+ oil output cuts.
Manufacturing showed only 0.1% gain in October as compared to 1.1% seen in September, which actually indicates decline given that October 2017 had one more working day more as compared to the same month of 2016.
Previously also manufacturing PMI numbers for October showed that while recovery in the output continued, it remains shaky from month to month.
Related Content
Data
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.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
1 day ago
-
COMMENT: Armenia's decisive turn towards the West
22 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
2 days ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago