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PMI records softer rise in Kazakhstan services in August
Sentiment at three-month high, but rising cost inflation complicating demand support.
Romania’s retail sales rise 5.3% y/y in July, ahead of expected slowdown
Recent VAT and excise duty hikes as well as slower household income growth to weigh on consumption.
South Korea marks largest ever current account surplus for July
The Bank of Korea reported a surplus of $10.78bn for July, extending the country’s run of consecutive monthly surpluses to 27, dating back to May 2023.
North Macedonia’s GDP growth accelerates to 3.4% in 2Q25
Data point to a steady recovery of the Macedonian economy, supported by construction and services, but tempered by a widening trade gap.
Russia’s central bank releases its closely-watched annual medium-term outlook report
The Central Bank of Russia (CBR) released its Main Directions of the Single State Monetary Policy (MSMP) for 2026–2028 on September 4, warning of persistent inflationary pressures but reaffirming its commitment to a 4% inflation target for 2026.
Polish central bank trims rate to 4.75% as inflation nears target
The National Bank of Poland (NBP) cut its reference interest rate by 25bp to 4.75% on September 3, in line with market expectations.
Turkey’s official inflation inches down another half-point to 33% in August
ENAG contends it edged higher to 65.5%. The Erdogan regime’s moves to shut down any serious opposition are, meanwhile, heating up.
Nato’s Zeitenwende to reach 2% spending goal – Statista
New data released last week by Nato exemplifies how profoundly the realities of foreign relations have changed over the course of the past three years, Statista reports.
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Russian services PMI improves to 49.1 in August, but demand remains fragile
Russian services activity stabilised in August after two consecutive months of decline, according to S&P Global’s latest PMI data, but the broader private sector continues to face subdued demand and weakening confidence.
August brought another sharp decline in Kazakhstan’s manufacturing industry, PMI shows
Demand weakens. New orders fall for first time in 19 months.
Romania’s manufacturing PMI rises to 14-month high but outlook remains weak
Despite the improvement, the index remained below the neutral 50 threshold for the fifteenth consecutive month, signalling ongoing contraction.
Annual inflation in Uzbekistan edges down to 8.8% in August
Consumer prices also picked up 0.4% m/m, ending a brief phase of monthly declines.