Data
Kazakhstan’s service sector expansion continued in July despite rising input costs, PMI shows
Seventh consecutive month of growth. New orders rose sharply amid strong demand.
US effective tariff rate at 17% after July duties adjustment - Fitch
The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.
Ukraine’s central bank to hold interest rate at 15.5% amid rising inflation concerns
All 11 members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) voted to keep the key policy rate at 15.5% per annum at their meeting on July 23, the central bank said on August 4.
Turkey’s official inflation dips again, posted at 34% in July
Economists argue that in reality it is 65%. On political stage, critics unhappy at “good boy” opposition leader Ozel.
Kazakhstan’s manufacturing remains subdued as output and employment decline, PMI data shows
New order growth slows in July.
Uzbek inflation nudges higher to 8.9% in July from 8.7% in June
This time last year, headline rate was 10.5%.
Turkey’s July foreign trade deficit narrows but business chamber chief says conditions for industry “unbearable”
Alarm bells ringing "very strongly", he adds.
Picture worsens for Turkish manufacturing in July, new orders fall for 25th month, PMI shows
Output, employment and purchasing all scaled back.
Czech manufacturers PMI falls to 49.7 despite higher output, more orders
Czechia’s manufacturing sector recorded a renewed deterioration in operating conditions in July, despite continued gains in output and new orders, as firms accelerated job cuts and scaled back inventories amid persistent uncertainty.
Russia’s July manufacturing production PMI sees steepest drop for three years
Russia’s manufacturing sector saw its most severe contraction in output since early 2022, to 47, as demand faltered and firms struggled with financial pressures, according to new data from S&P Global released on August 1.
No end to world hunger by 2030 – Statista
2024 saw some progress in the fight against world hunger after the number of undernourished people rose once again between 2017 and 2021 due to global crises such as the Covid-19 pandemic.
Poland’s inflation falls within central bank’s target in July, flash estimate shows
Poland’s CPI growth eased to 3.1% year on year in July from 4.1% y/y the preceding month, the country’s statistical office GUS said in a flash estimate on July 31. (chart)
Vietnam’s Central Bank raises 2025 credit growth quota to bolster economic expansion
The State Bank of Vietnam (SBV) has announced an increase in the 2025 credit growth quota for commercial banks in a bid to stimulate economic growth, as inflation remains under control.
Bank of Japan holds interest rate as inflation projections rise
The Bank of Japan has decided to maintain its benchmark interest rate at 0.5%, a move that was largely anticipated by markets.
Russian business travellers are discovering Uzbekistan
Are sanctions-busters scouting out a new hub?
IMF corrects growth forecast upwards – Statista
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
Turkish banks conclude syndicated loan renewals with high rollover rates, longer maturities and lower costs
Country rolls over around $200bn each year.
Czech central banker sees limited scope for more rate cuts
The Czech National Bank (CNB) governor Jakub Seidler says he sees “limited scope” for more rate cuts due to persistent services inflaton, Reuters reported on July 30.
