The number of Russians that consider themselves to be part of the middle class has fallen as real incomes stagnate and years of crisis weight on confidence, according to the quarterly "Ivanov Consumer Index" poll.
The stagnation in Belarus’s industry continued in March as the country put in the third month in a row of 0.9% industrial production growth.
The Belarusian economy grew by 1.1% year-on-year in January-March following a 0.8% y/y growth in January-February, according to national statistics agency Belstat.
Prices of industrial producers (PPI) in the Czech Republic grew by 3.8% year-on-year in March, up from 3.6% in February, due to higher prices in electricity, gas and steam, petroleum products and food processing sectors, according to the Czech Statis
The Russian banking sector's recovery is expected to continue this year. The cumulative profit of the sector is already well ahead of any of the last four years.
The Russian producer price index rose 0.9% on the month and 10.9% on the year in March after a 0.1% month-on-month increase in February, the Federal State Statistics Service said in a statement on April 16.
Ukrainian Economy Ministry has revised downward its forecast for the growth of Ukraine's real GDP in 2019 to 2.8% year-on-year from 3% y/y.
Slovakia’s inflation came at a higher than expected 2.7% year-on-year in March, up from 2.3% in February, affected by regulated prices by 0.01 percentage point (pp) and indirect taxes by 0.06pp, the Slovak Statistics Office reported on April 15.
The result was a slowdown after February’s surprisingly strong result.
Bulgaria already facing skills shortages as its working age population continued its decline, shrinking by 48,000 in 2018, and the trend is forecast to persist for the rest of the century.
Consumer prices in Belarus grew by 0.4% month-on-month (consumer prices rose by 2.2% YTD) in March, according to the nation's statistics service Belstat. Annual inflation fell to 5.8% in March from 6.2% a month earlier.
Romania remains one of the countries with the lowest labour costs in the EU despite posting the highest rise in labour costs across the bloc for two years running.
The primary driver was the shrinking workforce in low-earning light industry sectors like textiles, while automakers also cut employment at the same time as raising output.
Czech inflation increased by 3.0% year-on-year in March from 2.7% in February, due to higher prices of housing, food, water, electricity, gas and other fuel, above market expectations of 2.9%, according to data by the Czech Statistics Office released
After a slight decrease in January, construction output in Slovakia amounted to €320.4mn in February 2019, up by 1.7% year-on-year and by 0.3% month-on-month.
In 1Q19, Russia’s current account surplus totalled $32.8bn, up from $30bn seen in 1Q18, according to the preliminary estimate of the balance of payments published by the CBR.
Ukraine’s consumer inflation accelerated to 0.9% month-on-month in March from 0.5% m/m in February, whereas annual inflation stood at 8.6% year-on-year vs 8.9% y/y in February.
The International Monetary Fund (IMF) has revised downward its forecasts for the economic growth in Belarus in 2019 from 3.1% year-on-year to 1.8% y/y, according to the multinational lender's World Economic Outlook published on April 9.
Hungary’s headline inflation accelerated to 3.7% in March from 3.1% in the previous month, the second-highest reading in six-years, according to figures from the Central Statistics Office (KSH) on April 9.
As incomes in Russia stagnate and citizens of countries like Ukraine gain access to the EU, the numbers of migrants have fallen sharply in recent years.