Data
Slovenia's annual inflation slows to 3.3% in January
Inflation continues to decline, with winter sales contributing to the dip in January.
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Kazakh services PMI shows renewed decline in activity in January
Confidence levels nevertheless seen as “historically strong”.
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Kazakhstan posts 2023 growth at 5.1%, expects 5.3% in 2024
Central bank governor anticipates domestic demand will this year drive economic expansion.
Turkey releases official January inflation at 65% y/y
Istanbul-based ENAG inflation research group calculates rate of 127% y/y.
Russian service providers recorded a robust start to 2024 with a PMI index of 55.8
Russian service providers recorded a strong start to 2024, as business activity grew sharply, according to the latest S&P Global service PMI, posting a robust seasonally adjusted 55.8 in January, down slightly from 56.2 in December.
Albania has the oldest car fleet in Europe and one of the dirtiest
Over 90% of the vehicles in Albania are more than a decade old, Eurostat data shows.
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Czech PMI rises by 1.2 points in January
Purchasing managers' index remains in negative territory at 43, extending a run that began in June 2022.
Kazakhstan PMI shows manufacturing sector recovery in January
Near stabilisation of output and new orders.
Russian industrial production slows to 5.3% at the end of 2023
Russia’s industrial production growth slowed to 2.7% year on year in December 2023, implying year-end growth of 3.5% y/y (after +0.7% y/y in 2022), while on a seasonally adjusted basis, the composite industry output index was unchanged.
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Turkey’s January manufacturing PMI surprises to upside but suggests “nasty” inflation reading ahead
Red Sea shipping issues disrupting supply chains, survey also shows.
Poland’s PMI falls in January, defying expectations of rebound
Poland's Purchasing Managers' Index (PMI) declined 0.3 points to 47.1 in January (chart), the economic intelligence company S&P Global said on February 1.
Russia's Manufacturing PMI falls to 52.4 points in January
The S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) fell to 52.4 points in January 2024 from 54.6 points in the previous month, S&P Global analytical agency reported.
Household consumption fall drives severe slowdown in Poland’s GDP growth in 2023
Growth eased sharply compared to a robust expansion of 5.3% in 2022. The key source of the negative surprise was household consumption, which fell 1% last year, following a 5.2% increase in 2022, analysts say.
North Macedonia’s central bank keeps key rate at 6.3%
NBRM says decision based on need to stabilise inflation expectations and ensure a more enduring control over inflation.
Number of Russian dollar millionaires falls by a quarter, to last place amongst the BRIC countries
The number of dollar millionaires residing in Russia is down by a quarter (24%) since 2013, to 68,400 high net-worth individuals, ranking Russia last amongst the five BRICS countries.
Moldova’s sunflower oil exports reach new record in 2023
Moldova has shifted from exporting sunflower seeds to processed products, with oil and groats exports up sharply.
Turkey halts monetary tightening cycle at 45%
With official inflation at 65% and set to climb further before retreating, the markets will wait to see if it’s enough.
M&A grew in Romania in 2023, bucking global downward trend
EY study shows value of M&A grew 6.1% y/y to $7.1bn, led by billion dollar takeovers of Profi Rom Food, Enel Romania and Alpha Bank Romania.
Poland’s industrial production deepens retreat in December
Poland’s industrial production declined 3.9% year on year in constant prices in December, after a revised increase of 0.3% y/y the preceding month.
Poland’s retail sales post surprise fall in December
Polish retail sales slid 2.3% year on year at constant prices in December, after easing 0.3% y/y the preceding month.