Romania’s April industry figures continue positive trend

bne IntelliNews June 14, 2024

Romania’s industrial output surged by an impressive 12.1% y/y, while the core manufacturing industry grew by 16.9% y/y in April.

Serbia’s central bank reduces interest rate by 25 bp

bne IntelliNews June 13, 2024

NBS decision aligns with a recent move by the European Central Bank to ease monetary policy.

Falling inflation in Romania fuels expectations of July rate cut

Iulian Ernst in Bucharest June 13, 2024

Romania’s headline inflation rate dropped from 5.9% in April to 5.1% y/y in May.

Czech inflation eases to 2.6% y/y in May

Albin Sybera June 12, 2024

Inflation is down 0.3 percentage points compared to April.

IMF: Dollar’s "stealth erosion" in global reserves by other currencies

Serkan Arslanalp for the IMF, Barry Eichengreen, Chima Simpson-Bell June 11, 2024

The US dollar's share in global reserve currencies is falling steadily, but instead of being replaced by one of the "big four" alternatives – euro, yen, and pound – central banks are buying currencies like the Chinese yuan.

Romania’s foreign trade and deficit both gain momentum in April

bne IntelliNews June 11, 2024

Trade deficit widened by 29% y/y indicating a deterioration in the country’s external balance.

Hungary’s inflation edges up in May

Tamas Csonka in Budapest June 11, 2024

The annualised consumer price index in Hungary reached 4.0% in May, edging up from 3.7% in the previous month, in line with estimates. Compared to the previous month, prices fell by 0.1%.

Czech unemployment inches down to 3.6% in May

bne IntelliNews June 10, 2024

Czech unemployment inched down to 3.6% in May and 274,322 job applicants were registered with the Czech labour office at the end of the month.

Serbia’s central bank expected to lower interest rates following ECB lead

Tanya Kekic in Belgrade June 10, 2024

Most analysts predict Serbia’s monetary institution will mirror the ECB's recent decision and cut interest rates by 0.25 percentage points.

Russia’s CBR postpones hike and keeps key rate at 16%

bne IntelliNews June 7, 2024

The board of the Central Bank of Russia (CBR) at the June 7 policy meeting resolved to keep the key interest rate unchanged at 16%, making a neutral rate decision for the fourth consecutive time. (chart)

Slovak GDP grows by 2.7% in Q1

Albin Sybera June 7, 2024

It is the highest growth registered in the last eight quarters and maintains a growth rate above 2% for a second consecutive quarter.

Russia unemployment at new record low of 2.6% as economy overheats

bne IntelliNews June 7, 2024

Russian unemployment reached another record low of 2.6% in April, according to the latest data from RosStat, down by 0.1 percentage points month on month, and being yet another sign of the continuous economic overheating.

Czech industry maintains decline, of 0.4%, in April

bne IntelliNews June 7, 2024

This follows a weak development in March when industry fell by 2.7% y/y after an increase of 0.7% in February, which ended a three-month skid in industrial output.

CBR Governor Nabiullina listed four factors to ensure Russian economic stability

Ben Aris in Berlin June 6, 2024

CBR Governor Elvia Nabiullina listed four factors to ensure the stability of the Russian economy during a presentation at St Petersburg International Economic Forum (SPIEF) on June 5.

Expansion in Kazakhstan services PMI sustained in May

bne IntelliNews June 6, 2024

Third consecutive monthly rise. Weakness seen in expectations, however.

IMF: Scars of conflict are deeper and longer lasting in Middle East and Central Asia

Colombe Ladreit for the IMF, Borislava Mircheva, Troy Matheson June 5, 2024

The negative economic effects of conflicts are larger and more persistent, partly reflecting a sharper impact of higher-intensity conflicts in these regions.

Russia's services PMI drops into the red for the first time in 15 months

bne IntelliNews June 5, 2024

The seasonally adjusted S&P Global Russia Services PMI Business Activity Index slipped into the red in May posting a score of 49.8, down from 50.5 in April, just above the no-change benchmark of 50.

Hungary confirmed to have finally emerged from recession

Tamas Csonka in Budapest June 5, 2024

Rising consumer demand for services and net exports lift Q1 GDP.

Russia overtakes Japan to become the fourth largest economy in the world in PPP terms

Ben Aris in Berlin June 4, 2024

The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.

Czech PMI posts 46.1 in May

Albin Sybera June 4, 2024

Index has predicted decline since June 2022.