Slovakia's real GDP growth will significantly slow from 4.0% in 2018 to 2.7% in 2019, according to the European Commission (EC) autumn economic prognosis published on November 7.
Non-adjusted Czech retail sales increased by 7.3% year-on-year in September from 3.7% in August. The month-on-month seasonally adjusted sales in retail trade went up by 0.7%, according to the Czech Statistics Office data published on November 7.
Despite a slight increase in IHS Manufacturing Purchasing Managers Index (PMI) in the Czech Republic to 45.0 in October from 44.9 in September, the data signalled a further deterioration in the Czech manufacturing sector health
Consumption is expected to be an important driver of Estonia’s economic growth in 2019, as it was last year.
The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.
The Czech Tax Administration have introduced controls and checks on taxi drivers using the shared-economy platforms Uber, Botl and Liftago, to detect fraud related to non-payment of income tax, value added tax and road tax
Slowdown mainly related to sales of non-durable goods, while continued expansion, albeit at a slower pace, is generally in line with Poles’ robust consumer spending driven by low unemployment and growing wages.
The unemployment rate in Slovakia was 5.04% in September, up by 0.07 percentage points (pp) month on month, according to the data from the Labour, Social Affairs and Family Centre (UPSVR) published on October 18.
Reading indicates 4.1% y/y GDP growth in third quarter, mainly on private consumption, while weaker construction performance suggests diminished contribution from investments, ING says.
Polish core inflation came in at 2.4% y/y in September, the National Bank of Poland (NBP) said on October 16.
Poland’s economy will expand 4% in 2019, from 5.1% last year, the International Monetary Fund (IMF) said in its latest World Economic Outlook published on October 15.
Slovakia ́s industrial production recorded a year-on-year decline of 8.1% in August, the biggest drop since 2012, mostly due to a 9.5% decrease in industrial manufacturing, following a 2.8% increase in July, the Slovak Statistical Office (SSO) announ