Slowdown mainly related to sales of non-durable goods, while continued expansion, albeit at a slower pace, is generally in line with Poles’ robust consumer spending driven by low unemployment and growing wages.
The unemployment rate in Slovakia was 5.04% in September, up by 0.07 percentage points (pp) month on month, according to the data from the Labour, Social Affairs and Family Centre (UPSVR) published on October 18.
Reading indicates 4.1% y/y GDP growth in third quarter, mainly on private consumption, while weaker construction performance suggests diminished contribution from investments, ING says.
Polish core inflation came in at 2.4% y/y in September, the National Bank of Poland (NBP) said on October 16.
The International Monetary Fund (IMF) cut Russia’s growth forecast for the third time this year to 1.1% from the previous 1.6%, the fund said in its latest World Economic Outlook update for October 2019. The GDP growth is expected to recover to 1.9%
Poland’s economy will expand 4% in 2019, from 5.1% last year, the International Monetary Fund (IMF) said in its latest World Economic Outlook published on October 15.
Slovakia ́s industrial production recorded a year-on-year decline of 8.1% in August, the biggest drop since 2012, mostly due to a 9.5% decrease in industrial manufacturing, following a 2.8% increase in July, the Slovak Statistical Office (SSO) announ
Czech unemployment remained at 2.7% for the third consecutive month in September, data from the Labour Office of the Czech Republic released on October 8 shows .
Growth has started slowing in most of the Western Balkans economies after an all too brief period of rapid economic acceleration, finds a new report from the World Bank.
Ukraine’s gross international reserves declined 2.6% m/m, or $577mn, to $21.4bn in September after increasing 0.8% m/m in August, the National Bank of Ukraine (NBU) reported on October 7. The decline was due to high repayments on state debt.
Despite the rapid — and unsustainable — rise in wages, many Romanians including one in three children remain in poverty.
The growth in 2Q19 was boosted mainly by the strong performance of the financial and insurance sector and manufacturing.
The output of Hungary's industrial sector edged up 0.3% y/y in August, slumping from 12% growth in the previous month, the statistics office KSH said, as growth in the automotive segment slowed significantly.
CPI expansion was driven by prices growing 3.2% y/y in the food and non-alcoholic beverages segment, a slowdown against the growth of 4.6% y/y the preceding month.
Russian consumer price inflation (CPI) fell back to the Central Bank of Russia (CBR) target level of 4% opening the way to more rate cuts, Rosstat reported on October 7.
Russia's car and LCV sales declined just 0.2% y/y to 157,129 units in September, which resulted in a YTD decline of 2% y/y to about 1.3mn units, according to the latest data from the Association of European Businesses (AEB).
Strong increase in August heralds a certain strengthening of the sales index in the third quarter of the year after it weakened to 5.4% y/y in Q2.
Stronger business activity in Russia’s service sector has compensated for the crash in the manufacturing IHS Markit Russia Manufacturing Purchasing Index (PMI) in September, which just reported its worst results in a decade.
The volume of non-performing loans (NPLs) in the Ukrainian banking sector fell below 50% for the first time in recent years coming in at 49.3% as of September 1, the National Bank of Ukraine (NBU) said in a statement this week.
Czechia’s IHS Manufacturing Purchasing Managers Index (PMI) remained at its lowest level since 2009, at 44.9 points in September, the same level as it posted in August, making it the tenth consecutive month of contraction, according to IHS Markit dat