Data
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Slovak industry mildly drops by 0.1% y/y in May
Industrial output in Slovakia registered a thin decrease of 0.1% year on year in May. It also decreased by 1.4% month on month.
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Trust in President Putin stands at 81.5% - poll
The level of Russians' trust in President Vladimir Putin stands at 81.5%, according to a poll conducted by the All-Russian Public Opinion Research Center (VTsIOM), TASS reported on July 12.
Belarus' inflation up to 5.8% in June
Inflation in Belarus rose by 0.6% month-on-month (m/m) in June, with an annual rate of 5.8%, as reported by the National Statistical Committee (Belstat) on July 12. (chart)
High inflation could push Russia’s key rate to 18%
The rise in Russian consumer price inflation to 0.6% month on month and 8.6% year on year in June 2024 (up from 8.3% y/y in May) could push the Central Bank of Russia (CBR) to ramp up the key interest rate from 16% to 18% at the July rates meeting.
Where is income inequality worst – Statista
The Global Wealth Report 2024 was released on July 10 by the Swiss bank UBS, highlighting where wealth inequalities have grown the furthest. South Africa comes top of the list, scoring 82 out of 100.
Romania’s trade gap widens by one-third y/y in April-May
Exports contracted by 2.1% y/y, while imports increased by 5.3% y/y.
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Czech inflation eases to 2% in June
In month-on-month terms, CPI fell by 0.3% amid drops in prices of transport and food and non-alcoholic beverages.
Russia’s GDP grows 5% in 5M24, could reach 3.8% in 2024 overall
Russia’s GDP grew by 4.5% year on year in May 2024 and by 5% year on year in 5M24, according to the latest estimates by the Ministry of Economic Development cited by Tass on July 10. (chart)
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Czech unemployment stays at 3.6% in June
There were 272,684 persons registered with the country’s Labour Office, which was 1,638 less than in May.
Hungary’s inflation drops to 3.7% in June
Hungary’s consumer price index continued to edge lower in June and remained in the 2-4% tolerance band of the National Bank as the headline data fell to 3.7% (chart) last month from 4% in May.
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Russia’s federal budget deficit fell to $10.6bn, or half a percent of GDP, below projected 0.8% forecast
Russia’s federal budget deficit for the first half of 2024 amounted to RUB929bn ($10.6bn), or just 0.5% of GDP, well below the 0.8% of GDP forecast for the full year according to preliminary figures released by the Finance Ministry on July 9.
Romania revises Q1 GDP growth up from 0.1% to 0.5%
Economic growth seen above 2% in the rest of the year.
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Czech industrial production fell by 3.2% y/y in May
Industrial production in deepest decline since last September.
Eurasian Development Bank forecasts robust economic growth for member states in 2024
Growth is expected to remain strong in the three Central Asian economies, but to moderate in Armenia, Belarus and Russia.
Analysts expect Romania’s central bank to cut policy rate on July 5
First rate cut since January 2023 anticipated after fall in headline inflation in June.
Confidence in Zelenskiy and support for Ukraine in Europe still high, but falling, says poll
Confidence for Ukrainian President Volodymyr Zelenskiy amongst Europeans and support for Ukraine remain high, but is has declined across a slew of countries as the war in Ukraine drags on with no end in sight, according to a new poll from Pew.
Turkey releases official June inflation at 72% y/y
Turkey’s consumer price index (CPI) inflation officially stood at 72% y/y in June versus 75.45% y/y in May and 38% y/y in June last year, the Turkish Statistical Institute (TUIK, or TurkStat) said on July 3.
Russia's services PMI slips further into the red with a 47.6 contraction as consumption growth runs its course
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index was a disappointing 47.6 in June, down from 49.8 in May, and falls further below the 50 no-change benchmark.
World Bank upgrades Russia to "high-income" country due to war-spending boost
The positive economic news keeps coming for Russia after the World Bank upgraded it from an "upper-middle-income" to a "high-income" country, putting it in the same group as the leading G7 nations, the bank said on July 1.
Poland’s PMI disappoints with no change at 45 points in June
The indicator has now lingered below the 50-point mark separating contraction from growth for 26 months straight, the longest series since the survey began in 1998.