Albanian central bank raises policy rate to 2.25%

bne IntelliNews October 5, 2022

Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.

Russia’s services PMI climbs again in September to 51.1, on rising client demand

bne IntelliNews October 5, 2022

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.

Kazakhstan’s manufacturing PMI signals renewed contraction

Kanat Shaku in Almaty October 4, 2022

Period of growth comes to abrupt halt in September.

Polish factories remain in downturn mode in September

Wojciech Kosc in Warsaw October 4, 2022

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.

S&P sees ‘bleak’ prospects for Turkish manufacturing after assessing latest PMI data

bne IntelIiNews October 3, 2022

Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.

Turkish official inflation calculated at 83% y/y for September

Akin Nazli in Belgrade October 3, 2022

ENAG researchers contend rate was 186% y/y in reality.

Poland’s inflation unrestrained in September at 17.2%, flash estimate shows

Wojciech Kosc in Warsaw October 3, 2022

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 industrial output decline slows to only 0.1% in August

bne IntelliNews September 30, 2022

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.

Poll shows Putin's popularity took hit in September but remained as high as 77%

bne IntelIiNews September 30, 2022

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 on track to have a record-smashing grain harvest

bne IntelliNews September 28, 2022

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.

Bosnia posts annual CPI inflation of 16.8% y/y in August

bne IntelliNews September 27, 2022

Consumer prices in the country increased the most for food and transport.

IMF sees Romania’s economy growing by 4.8% in 2022, analysts are even more bullish

bne IntelliNews September 27, 2022

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 manufacturing activity plunges to levels not seen since lockdown

bne IntelliNews September 23, 2022

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.

Analysts wrong again as 'unorthodox' Turkey cuts rates another 100 bp

Akin Nazli in Belgrade September 22, 2022

Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.

Albanians trust international organisations and religious institutions more than their politicians

bne IntelliNews September 22, 2022

More than 70% of Albanians trust the EU, the UN and Nato compared to only one quarter who trust the president or political parties.

Montenegro’s economy posts 12.7% y/y growth in 2Q22

bne IntelliNews September 22, 2022

Growth is expected to slow later in 2022 as the war in Ukraine affects tourism and other key sectors.

Polish industrial production shows surprise growth of 10.9% in August

Wojciech Kosc in Warsaw September 21, 2022

Demand is still poised to weaken in line with the overall economic slowdown.

Moldova’s retail sales freeze as households expect high energy bills

bne IntelliNews September 21, 2022

Record inflation of over 30% has also dragged down households’ capacity to consume.

Construction activity resilient in Romania despite rising costs

bne IntelliNews September 20, 2022

Profitability of construction activity deteriorated significantly in the second quarter of 2022.

Poland’s core inflation picks up growth rate to 9.9% y/y in August

Wojciech Kosc in Warsaw September 19, 2022

In m/m terms, core inflation grew 0.8% in August versus 0.6% m/m in July.