Russia’s CBR maintains key rate at 16%
12 hours ago
Turkey's manufacturing activity recorded its best overall improvement since March 2011, latest Purchasing Managers' Index (PMI) survey data for August shows, IHS Markit said on September 5. The country's manufacturing PMI rose to a 77-month high of 55.3 from 53.6 in July.
“Manufacturing new orders rose for the sixth successive month in August while the rate of expansion quickened since July... Survey data continued to signal that domestic new business increased more sharply than new export orders,” IHS Markit added.
The rate of manufacturing output growth strengthened for the third time in four months as companies expanded capacity to meet output requirements.
Employment growth also accelerated compared to July, while purchasing activity increased at the fastest rate since November 2013.
“Input price inflation accelerated for the first time since December 2016 in August, reaching its highest since May. Similarly, output price inflation quickened for the first time in seven months,” IHS Markit said.
Much of Turkey's new growth has been attributed to the state's near-exhausted TRY250bn ($72.3bn) credit guarantee fund (CGF). Economists are divided over the quality of the lending with some analysts worried Turkey may be on the road to a Greek-style economic collapse.
Related Content
Data
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
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.
Most Read
-
The models are wrong, climate change is accelerating faster than predicted
1 day ago
-
Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
1 day ago
-
Russia already treating Bosnia’s Republika Srpska as an independent state
1 day ago
-
European Parliament rules Russia’s presidential election illegitimate, calls Putin a "murderer"
21 hours ago
-
Putinomics: Russia’s oil and gas revenue to double in April
1 day ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
6 days ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
9 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
4 days ago
-
The models are wrong, climate change is accelerating faster than predicted
1 day ago
-
Russia could pay off its entire external debt tomorrow, in cash
27 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
29 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
1 month ago
-
Saudi Arabia to scale back plans for Neom city
16 days ago