Poland's Purchasing Managers' Index improved 2.1 points to 43 in September but still lingered below the 50-point mark separating contraction from growth.
The flash estimate will present the National Bank of Poland with the dilemma of whether to tighten monetary policy further at a time when the economy is already slowing markedly.
Demand is still poised to weaken in line with the overall economic slowdown.
In m/m terms, core inflation grew 0.8% in August versus 0.6% m/m in July.
Another inflation surge will come in early 2023 after new prices of electricity and heat will have taken effect.
The projection for 2022 was upgraded mainly due to higher growth in private consumption and the high contribution of inventory changes in the first half of the year.
Industrial production growth confirmed at 4%, and 6.6% according to workday-adjusted figures.
Hungary’s annualised CPI accelerated to 15.6% from 13.7% in July.
The output of Hungary's industrial sector rose 4.0% y/y in July, picking up from a 1.5% increase in the previous month.
Adjusted for calendar year effects, retail sales increased by 4.3% y/y and 0.5% m/m.
Ukraine war and sanctions to slow down Southeast Europe's fastest-growing economy.
Poland's Purchasing Managers' Index dropped 1.2 points to 40.9 in August, the fourth time in a row when the index fell below the 50-point mark.
The August flash reading makes yet another hike of the central bank’s reference interest rate more likely next week.
Annual inflation in August was influenced the most by higher prices of fuels, electricity and food.
Across the EU 72% of EU internet users aged 16-74 read online news sites, newspapers or news magazines, but only 59% of Romanians read news online.
Polish retail sales grew 2% y/y at constant prices in July, the growth rate slowing down further from 3.2% y/y the preceding month.
Latvia’s unemployment rate fell slightly to 6.6% in 2Q of 2022, the Labour Force Survey published on August 16 by the country’s Central Statistical Bureau shows.
Polish GDP expansion slowed down to a seasonally adjusted 4.5% y/y in the second quarter after expanding 9.2% y/y in the preceding three months.
Hungary’s economy expanded 6.5% y/y in Q2, according to both adjusted and raw data, slowing down from 8.2% in the previous quarter.
Governments in several counties across Emerging Europe have launched pro-natal policies where parents receive financial benefits and tax breaks for having more babies.