Data
Philippines achieves record $3.5bn surplus as economy rebounds
The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments.
Central Asian states make progress in addressing hunger
Tajikistan remains a country of concern.
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Declining rice prices signal stable inflation ahead for the Philippines
Metrobank Research has projected that declining rice prices will help maintain inflation at a stable 2% for the remainder of the year, enabling the Bangko Sentral ng Pilipinas to consider further interest rate cuts to support economic growth
Turkey sticks with 50% policy rate for seventh straight month
Uncertainty over the pace of improvement in inflation has increased in light of incoming data, says central bank.
Polish core inflation growth rate jumps to 4.3% y/y in September
The acceleration comes after two months of easing and is in line with the headline inflation rate.
Bulgaria’s consumer inflation at 1.2% in September
Consumer prices in Bulgaria rose by 1.2% in September 2024 compared to the same period last year (chart), according to preliminary National Statistical Institute (NSI) data. Month on month, the Consumer Price Index (CPI) decreased by 1%.
Hungary’s industrial performance among weakest in EU in August
Output in Hungary fell 4.1% y/y and 0.5% m/m.
World Bank says Bangladesh GDP growth to shrink in FY25
Bangladesh's economic recovery remains sluggish as high inflation, a balance of payments deficit, and persistent financial sector challenges dampen progress, according to the World Bank's latest Bangladesh Development Update.
Polish inflation rates confirmed at 4.9% y/y in September
Analysts now expect the CPI to keep growing until the end of the year, all but preventing the central bank from cutting rates.
Romania’s industrial figures confirm subdued economic activity in August
Industrial production index plunged by 4.2% y/y, marking one of the most significant annual declines in the past year and a half.
Russia’s inflation down only marginally in September, beginning of October
Russian consumer price growth stood at 0.14% week on week from October 1 to 7 (up 0.19% a week earlier), according to RosStat data. The estimates of the Ministry of Economic Development put annual inflation at 8.5% year on year.
Romania’s inflation eases to 4.6% y/y in September, but upside risks mount
Expectations of further disinflation are being put at risk by a sharp rise in real earnings, fiscal slippage and potential rises in energy prices.
European transshipments head to Kyrgyzstan
Apart from financial and military support, another part of aiding Ukraine's victory against Russia is the upholding of sanctions by its European allies. Not Kyrgyzstan.
Ukraine's deficit grows while intergovernmental aid stagnates
Ukrainian President Volodymyr Zelenskiy has been holding a string of bilateral meetings with European leaders to showcase what has been dubbed the Ukraine victory plan, Statista reports.
Inflation declines to 8.6% in September, but another rate hike looking likely
Headline inflation fell to 8.6% y/y in Russia in September but this was a touch less than expected and the breakdown showed that core price pressures are easing only very slowly.
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Russian budget surplus narrows to RUB200bn ahead of major spending surge in 4Q24
Russia's federal budget posted a surplus of RUB500bn ($5.2bn) in September, despite a sharp rise in spending, according to data released by the Ministry of Finance on October 10, Renaissance Capital reports.
Hungarian inflation drops to a 44-month low in September
Consumer prices rose 3% year on year (chart) in September, the lowest figure since January 2021, driven by the decline of fuel prices, according to monthly data by statistics office KSH. The figures were slightly lower than the consensus.
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Czech inflation accelerates to 2.6% in September
Consumer price indices (inflation) in Czechia increased by 2.6% year on year, amid a spike in food prices, and decreased by 0.4% month on month in August.
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Slovak industry maintains growth of 0.9% y/y in August
Slovakia’s industrial output increased by 0.9% year on year and by 1.5% month on month carried by strong performance in the energy sector. It is the fourth month of y/y growth in the country’s industry.
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Czech unemployment inches upwards to 3.9% in September
The unemployment level in Czechia was at 3.9% in September, which is a slight tick upwards from the level of 3.8% in August and July. Year-on-year unemployment rose by 0.3 percentage points, or by 27,885 persons.