Central Europe / Data

EC: Slovakia ́s real GDP at 2.7% in 2019

bne IntelliNews November 12, 2019

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.

Czech retail sales at 7.3% growth y/y in September

bne IntelliNews November 12, 2019

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.

Czech manufacturing PMI still contracting in October, firms slash workers, confidence falters

Nelly Tomchikova in Prague November 5, 2019

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

Estonian retail sales maintain growth tempo in September

bne IntelliNews October 31, 2019

Consumption is expected to be an important driver of Estonia’s economic growth in 2019, as it was last year.

Slowdown on the cards for Central Europe as economic sentiment plunges

bne IntelliNews October 30, 2019

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.

Czech Uber, Bolt and Liftago taxi drivers under inspection of Tax Administration

bne IntelliNews October 24, 2019

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

Polish retail sales ease growth slightly in September

bne IntelliNews October 21, 2019

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.

Slovakia's unemployment rate up to 5.04% in September

bne IntelliNews October 21, 2019

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.

Polish industrial production returns to growth in September

bne IntelliNews October 18, 2019

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.

Poland’s core inflation picks up to 2.4% y/y in September

Wojciech Kosc in Warsaw October 17, 2019

Polish core inflation came in at 2.4% y/y in September, the National Bank of Poland (NBP) said on October 16.

IMF improves his outlook on Polish growth in 2019

bne IntelliNews October 16, 2019

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.

Slovak August's industrial output recorded the biggest drop since July 2016

Nelly Tomchikova in Prague October 13, 2019

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