Central Europe / Data
How energy intensive are data centers?
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.
Hungarian central bank moves in line with forecast with 25bp rate cut
The central bank is likely to carry out 1-2 more rate cuts this year, bringing the rate to 6.25-6.50%, which would still be the highest among its CEE peers.
The eurozone's recovery is losing momentum, according to poll
The latest economic data indicates that the eurozone's recovery is losing momentum, with industrial production continuing to drag on growth and sentiment indicators suggesting a weakening in the strong momentum seen earlier this year.
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Slovak inflation is back at a three-year low of 2.1% y/y in June
The consumer price index (CPI) year-on-year growth in Slovakia is at a three-year low in June, returning to its level from April of 2.1%.
Poland's adjusted income to overtake Japan's by 2026
New GDP per capita PPP data from the World Bank suggest that Poland's GDP adjusted income is likely to overtake that of Japan by 2026.
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Slovak industry mildly drops by 0.1% y/y in May
Industrial output in Slovakia registered a thin decrease of 0.1% year on year in May. It also decreased by 1.4% month on month.
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Czech inflation eases to 2% in June
In month-on-month terms, CPI fell by 0.3% amid drops in prices of transport and food and non-alcoholic beverages.
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Czech unemployment stays at 3.6% in June
There were 272,684 persons registered with the country’s Labour Office, which was 1,638 less than in May.
Hungary’s inflation drops to 3.7% in June
Hungary’s consumer price index continued to edge lower in June and remained in the 2-4% tolerance band of the National Bank as the headline data fell to 3.7% (chart) last month from 4% in May.
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Czech industrial production fell by 3.2% y/y in May
Industrial production in deepest decline since last September.
Poland’s PMI disappoints with no change at 45 points in June
The indicator has now lingered below the 50-point mark separating contraction from growth for 26 months straight, the longest series since the survey began in 1998.
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Czech economy increases by 0.3% y/y in Q1 after refinement
Czech gross domestic product (GDP) increased by 0.3% year on year in the first quarter of this year, according to the refinement published by the Czech Statistical Office (CZSO).
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Czech PMI returns to decline, posting 45.3 in June
The Manufacturing Purchasing Managers’ Index compiled monthly by market intelligence company S&P Global posted 45.3 in June for Czechia.
Polish inflation rises to 2.6% y/y in June, flash estimate shows
Analysts expect the CPI to accelerate growth in the second half of the year.
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Czech National Bank defies consensus by lowering interest rate by 50bp to 4.75%
Five CNB board members voted in favour of the 50bp cut, while two members voted for lowering rates by 25bp.
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Slovak unemployment is at a historic low of 3.78% in May
Drop is 0.04 percentage points on the April level and a 0.12 pp drop year-on-year.
Polish industrial production falls in May by 1.7% y/y
Industrial recovery seen delayed as latest figures disappoint.
Polish core inflation eases to 3.8% y/y in May
In month-on-month terms, core inflation was 0.1%.
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Slovak inflation slightly accelerates to 2.2% in May
The rate of price growth accelerated by 0.1 percentage points on April’s 2.1% y/y, which was the country's three-year inflation low, and ended the 15-month-long easing trajectory.
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Czech inflation eases to 2.6% y/y in May
Inflation is down 0.3 percentage points compared to April.