Data
Turkish manufacturers endured challenging demand environment in May, PMI shows
One light on horizon was softening inflationary pressures.
Polish manufacturers’ downbeat streak continues in May, PMI shows
The reading missed the consensus, which assumed a gain of 1.1 points to 47. The indicator has now lingered below the 50-point mark separating contraction from growth for 25 months straight, the longest series since the survey began in 1998.
Russia drops off the list of Serbia’s top trading partners
Latest figures reveal a shift in Serbia’s trade relations and raise questions about its international orientation.
Russia's manufacturing PMI remains a robust 54.4 in May, job creation hits a 26-year high
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) posted 54.4 in May, up fractionally from 54.3 in April, as Russia’s manufacturing sector continues to boom on the back of heavy war spending.
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Czech GDP increased by 0.2% y/y in Q1 after adjustments
Q/q growth was 0.3%.
Polish inflation picks up slightly to 2.5% y/y in May, flash estimate shows
Polish CPI grew 2.5% year on year in May (chart), below the consensus line of 2.8% y/y and 0.1pp above the final April reading, according to a flash estimate from Poland’s statistical office GUS.
Uzbekistan's public debt jumps to $34.9bn, exceeding expectations
Surge in debt was $2.8bn higher than anticipated by market.
Russian bond investors increasingly unwilling to buy OFZ treasury bills as macroeconomic concerns rise
Russia’s budget is in robust health, despite overheating and persistent inflation, but Russian OFZ treasury bill investors are worried that the economy is increasingly unbalanced and won't buy more bonds.
Polish retail sales ease growth in April
Polish retail sales expanded 4.1% year on year at constant prices.
Polish PPI deflation eases to -8.6% y/y in April
Poland's producer price index (PPI) declined 8.6% year on year in April (chart), following a revised fall of 9.9% y/y in March.
Residential drags down Romania's construction sector in Q1
Construction works index in Romania contracted by 7.1% y/y due to an unexpectedly sharp 34.1% y/y plunge in the residential buildings segment.
Moldova’s industry shows fragile 2.1% y/y growth in Q1
Growth was entirely due to the return of the utility companies's activity to normal after it contracted in the winter of 2022-2023.
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Slovak unemployment inches down to 3.82%
Decrease is 0.26 percentage points year on year and 0.06 pp month on month.
The use of the ruble in EU trade settlements reaches a record $15.2bn in March
The use of the ruble in settlements for goods and services exported by Russia to European partners was up 58.5% in March 2024 to record levels, according to data from the Central Bank of Russia.
US China trade deficit falls to lowest since 2010
The US trade deficit in goods trade with China narrowed to its lowest level since 2010 last year, as imports from China fell by more than $100bn compared to the previous year.
Uzbekistan has fifth most students studying abroad
The world's two most populous nations, China and India, have the highest numbers of students studying overseas. But the Central Asian republic of Uzbekistan is in the top five as the government attempts to bootstrap its transition.
EC, EBRD remain bullish on Moldova’s “nascent” economic recovery
Moldova’s nascent economic recovery began in the second half of 2023 and is expected to strengthen from 0.7% last year to 2.9% in 2024 and 3.7% in 2025 almost entirely on domestic demand.
Polish GDP growth eases to 1.3% y/y in Q1, flash estimate says
Polish GDP expanded 1.3% year on year in the first quarter, (chart) easing slightly versus a gain of 1.6% y/y in the preceding three months, seasonally adjusted data from the Central Statistical Office (GUS) showed in a flash estimate on May 15.
Uzbekistan's poverty rate dips to 11%
Country previously lacked internationally comparable estimates on indicator.
Romania’s CA balance flat y/y at €3.95bn in Q1
The current account (CA, chart) of Romania remained roughly unchanged in nominal terms (€3.95bn) in the first quarter of the year (Q1) compared to the same period in 2023, according to data published by the National Bank of Romania (BNR).