Data
New loans to Romanian households down 3.6% y/y in Q2
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.
Polish retail sales accelerate growth to 5.7% y/y in July
While below market expectations, the expansion in July is in line with Poles’ increased consumer spending that is driven by the good situation on the labour market, low unemployment and growing wages in particular.
Poland’s industrial production rebounds in July
The July growth follows a decline in June – the first in three years – that was due to fewer working days and surging temperatures. The July data suggest “stable GDP growth in the third quarter,” according to ING.
Romanian banks’ profits roughly halve y/y in Q2
In Q2, banks' aggregated profit plunged by 48% y/y €202mn deteriorating compared to both last year and the first quarter.
Turkey completes August domestic debt auctions, raises TRY8.4bn at lower costs
Rollover ratio registers at 95% compared to 73% target.
Romanian blue chips boast 22.7% average profit margin in H1
The BET index has gained over 22% since the beginning of this year while the BET-TR index, which also includes the dividends paid by BET companies, recorded a return of 33%.
Russian industrial output below expectations at 2.8% growth in July
Russian industrial output growth slowed down to 2.8% year-on-year from 3.3% seen in June, trending below the consensus expectations of 3.4% growth, and showing a seasonally-adjusted month-on-month decline of 0.4%. In January-July overall industry exp
Slovakia’s inflation up again to 2.9% y/y in July
Year-on-year inflation in Slovakia rose to 2.9% in July, up by 0.2 percentage points (pp) from June, with core inflation standing at 2.5% and net inflation at 1.9%, the data of the Slovak Statistics Office (SSO) showed on August 13.
Czech GDP growth of 2.7% y/y in 2Q19 positively surprised
Household consumption and external demand drove the economy in 2Q19.
Romania’s industry contracts for the first time in 10 years
Romania’s industrial production plunged by 6.6% y/y in June, dragging down the quarter’s performance to negative 1.7% y/y as the production of traditionally robust industrial sectors disappointed.
Local investors lead real estate investment in Bulgaria in 1H19
Local investors were responsible for 59% of real estate investments in Bulgaria in 1H19, reversing the trend seen in the last two years as the volume of foreign investment tumbled, a report from Colliers shows.
CEE economies are weakening but domestic demand offsets Eurozone slowdown
GDP growth figures from the second quarter of this year were down on the first quarter but showed that growth was still being supported in Central and Eastern Europe by domestic demand that has gone some way to offsetting an EU slowdown.
Hungary’s economy flexes muscle as Q2 growth beats estimates
Economic growth in Q2 was higher than expected by most analysts, as recent industrial and retail sales data suggested slower growth between April and June.
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Romania’s GDP maintains robust 4.4% y/y growth in Q2
The figures confirm the improvement in the industrial and construction sectors in Q2, compared to their more sluggish performances in Q1, when growth was driven by private consumption.
Czech inflation rate back up to nearly 3% in July
The Czech inflation was up by 0.2 percentage points (pp) month-on-month in July to a 2.9% taking it back to its May level after a slowdown in June, data from the Czech Statistics Office (CSO) published on August 12 showed.
Slovakia’s industrial production falls to its lowest level since 2017 in June
Slovakia’s industrial production contracted by 2.1% year-on-year in June, a sharp fall from the 4.7% expansion the previous month, and fell to its lowest level since April 2017, Slovak Statistical Office data showed on August 9.
Warning signs of a downturn in Slovenia’s construction sector
The Slovenian construction sector posted growth in all areas in 2018, but turnover has not yet returned to where it was pre-crisis and there are indications that growth is about to slow.
Hike in arrivals from Germany pushes up Croatian tourist figures for June
Croatia saw an 11.2% y/y increase in tourist arrivals in June, as the sector rebounded after bad weather resulted in a disappointing May performance.
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Russia records slightly improved but still weak GDP growth of 0.9% in 2Q19
The 0.9% GDP growth in the second quarter of this year was an improvement on the soggy 0.5% in the first quarter.
Ukraine’s annual inflation up slightly to 9.1% y/y in July
Ukraine’s consumer inflation declined 0.6% m/m in July after dropping 0.5% m/m in June, due to price decreases for food, clothing and footwear, communal services and transportation.