Data
Moldova’s current account deficit narrows to 11.4% of GDP in 12 months to March
11% lower deficit in trade with goods drives fall in current account deficit.
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Czech economy increases by 0.3% y/y in Q1 after refinement
Czech gross domestic product (GDP) increased by 0.3% year on year in the first quarter of this year, according to the refinement published by the Czech Statistical Office (CZSO).
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Czech PMI returns to decline, posting 45.3 in June
The Manufacturing Purchasing Managers’ Index compiled monthly by market intelligence company S&P Global posted 45.3 in June for Czechia.
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Turkish manufacturers struggling with muted demand, June PMI shows
On positive side, softer cost inflation meant firms hiked selling prices by least extent in four-and-a-half years.
Russia’s manufacturing PMI puts in another month of strong growth in June to 54.9
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) was up slightly in June to 54.9, up from 54.4 in May, as Russia’s productive sector enjoyed the fastest pace of growth in three months, thanks to the war.
Polish inflation rises to 2.6% y/y in June, flash estimate shows
Analysts expect the CPI to accelerate growth in the second half of the year.
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Czech National Bank defies consensus by lowering interest rate by 50bp to 4.75%
Five CNB board members voted in favour of the 50bp cut, while two members voted for lowering rates by 25bp.
Turkey keeps policy rate unchanged at 50% for third straight month
At 75%, official inflation has likely reached peak and will quickly fall back to 40%s in coming months thanks to base effect.
Russia’s industrial production growth exceeded expectations to 5.3% in May
Russia’s industrial production growth exceeded expectations with a 5.3% expansion in May
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Slovak unemployment is at a historic low of 3.78% in May
Drop is 0.04 percentage points on the April level and a 0.12 pp drop year-on-year.
Moldova’s April industrial growth consolidates mild recovery
Moldova’s industrial output increased by 5.0% y/y in April after a mixed performance since last September.
Banks in Kosovo post 8.7% y/y higher aggregated profit in 12 months to May
Latest central bank data indicate robust profitability ratios, rising financial intermediation and steady consolidation of the banking system’s capitalisation.
Polish industrial production falls in May by 1.7% y/y
Industrial recovery seen delayed as latest figures disappoint.
Russia’s CBR warns of steep key rate hike as inflation worsens
Weekly consumer price inflation in Russia as of June 17 accelerated to 0.17% week on week (0.12% w/w a week earlier), according to RosStat, which would imply annual inflation growth of 8.5% year on year.
Serbia’s grey economy turns over nearly €15bn annually
Report from Faculty of Economics in Belgrade finds over a fifth of Serbia's economic activity remains unregistered.
Polish core inflation eases to 3.8% y/y in May
In month-on-month terms, core inflation was 0.1%.
Moldova’s economy fails to grow above pre-COVID peak
Moldova’s GDP increased by 1.9% y/y, the sharpest quarterly advance since Q4 2022.
Average net wage in Romania grows by 7.9% y/y in April
April 2024 saw some of the highest growth rates since before the pandemic.
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Slovak inflation slightly accelerates to 2.2% in May
The rate of price growth accelerated by 0.1 percentage points on April’s 2.1% y/y, which was the country's three-year inflation low, and ended the 15-month-long easing trajectory.
Romania’s April industry figures continue positive trend
Romania’s industrial output surged by an impressive 12.1% y/y, while the core manufacturing industry grew by 16.9% y/y in April.