Data
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Czech PMI deteriorates in April
S&P highlighted stronger contractions in production and weak client demand amid the burdens of the difficult manufacturing environment, which was also pressured by waning external demand.
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Turkey’s headline manufacturing PMI drops from 50.0 no-change mark to 49.3
Sustained slowdown in new orders feeds through to renewed moderation in output.
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Czech GDP grew by 0.4% y/y in the Q1 2024
The estimate released by the Czech Statistical Office follows a GDP drop of 0.8% in the third quarter of 2023 and a growth of 0.4% in Q4. Following the revision released by CZSO in late March, the Czech economy declined by 0.2% in 2023 overall.
Polish CPI picks up growth to 2.4% y/y in April, flash estimate shows
Polish CPI grew 2.4% year on year in April (chart), just below the consensus line of 2.5% y/y and 0.4pp above the March reading, a flash estimate from Poland’s statistical office GUS showed on April 30.
Preliminary Q1 GDP data shows Hungarian economy posts modest rebound
GDP grew 1.1% year on year in Q1 and by 1.7% when adjusted for calendar effects.
Russia’s Economic Ministry issues bleak economic stress test scenario
Russia's Finance Ministry ran an extreme stress test on the economy for this year that assumes zero growth, a weakening ruble and falling oil and gas revenues in the worst-case scenario.
Moldova’s industrial output shows signs of recovery in February
More abundant and cheaper gas this year creates opportunity for resumption of industrial activity in Moldova.