Data
Albanian central bank raises policy rate to 2.25%
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
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
Period of growth comes to abrupt halt in September.
Polish factories remain in downturn mode 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.
S&P sees ‘bleak’ prospects for Turkish manufacturing after assessing latest PMI data
Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.
Turkish official inflation calculated at 83% y/y for September
ENAG researchers contend rate was 186% y/y in reality.
Poland’s inflation unrestrained in September at 17.2%, flash estimate shows
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
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%
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.
_0_1664344251.png)
Russia on track to have a record-smashing grain harvest
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
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
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
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
Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.
Albanians trust international organisations and religious institutions more than their politicians
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
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
Demand is still poised to weaken in line with the overall economic slowdown.
Moldova’s retail sales freeze as households expect high energy bills
Record inflation of over 30% has also dragged down households’ capacity to consume.
Construction activity resilient in Romania despite rising costs
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
In m/m terms, core inflation grew 0.8% in August versus 0.6% m/m in July.
