Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index registered 51.1 in September, up from 49.9 in August, the company reported on October 5.
Period of growth comes to abrupt halt in September.
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.
Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.
ENAG researchers contend rate was 186% y/y in reality.
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.
Russia’s contraction in industry slowed in August after industrial production posted a mere 0.1% contraction y/y in August, RosStat reported on September 29.
Since the war in Ukraine started Russian President Vladimir Putin’s approval rating has shot up and has remained consistently between 82-83%, according to the independent pollster the Levada Centre.
Russia is on track to smash all previous records with the size of this year’s grain harvest. Russian President Vladimir Putin said that the bumper harvest could be as big as 150mn tonnes this year on September 27.
Consumer prices in the country increased the most for food and transport.
Romania’s GDP is expected to grow by 4.8% in 2022 and 3.4% in 2023, “supported mainly by momentum in domestic demand”, the IMF said.
Moldova’s industrial output plunged by 14.4% y/y in July, when the activity in the manufacturing sector reached the lowest level seen in the past decade except for the March-April lockdown months in 2020.
Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.
More than 70% of Albanians trust the EU, the UN and Nato compared to only one quarter who trust the president or political parties.
Growth is expected to slow later in 2022 as the war in Ukraine affects tourism and other key sectors.
Demand is still poised to weaken in line with the overall economic slowdown.
Record inflation of over 30% has also dragged down households’ capacity to consume.
Profitability of construction activity deteriorated significantly in the second quarter of 2022.
In m/m terms, core inflation grew 0.8% in August versus 0.6% m/m in July.