Eastern Europe / Data

Russia’s services PMI climbs again in September to 51.1, on rising client demand

bne IntelliNews October 5, 2022

The seasonally adjusted S&P Global Russia Services PMI Business Activity Index registered 51.1 in September, up from 49.9 in August, the company reported on October 5.

Russia’s industrial output decline slows to only 0.1% in August

bne IntelliNews September 30, 2022

Russia’s contraction in industry slowed in August after industrial production posted a mere 0.1% contraction y/y in August, RosStat reported on September 29.

Poll shows Putin's popularity took hit in September but remained as high as 77%

bne IntelIiNews September 30, 2022

Since the war in Ukraine started Russian President Vladimir Putin’s approval rating has shot up and has remained consistently between 82-83%, according to the independent pollster the Levada Centre.

Russia on track to have a record-smashing grain harvest

bne IntelliNews September 28, 2022

Russia is on track to smash all previous records with the size of this year’s grain harvest. Russian President Vladimir Putin said that the bumper harvest could be as big as 150mn tonnes this year on September 27.

Russia’s CBR slows pace of monetary easing, cuts rate to 7.5%

bne IntelliNews September 17, 2022

The Board of the Central Bank of Russia resolved to cut the key interest rate by 50 basis points to 7.5% at its policy meeting of September 16, making a sixth consecutive cut, but slowing the pace of monetary easing in line with expectations.

"Cucumber rally" moderates Russian weekly deflation to 0.03%

bne IntelliNews September 16, 2022

Russian consumer prices for the week ending September 12 deflated by 0.03% week on week, with deflation moderating from 0.13% seen in the previous week, according to the latest RosStat data. It estimated that annual inflation slowed from 14%.

Putin gives very upbeat forecast on this year results: no deficit and 2-2.5% GDP contraction

bne IntelliNews September 9, 2022

Russian President Vladimir Putin gave the most optimistic forecast for this year’s economic performance of any government yet, saying that there will be no budget deficit and that economic contraction will be no more than 2.5% on September 7.

Russia-China trade up by a third this year, on course for $200bn

bne IntelliNews September 7, 2022

Russo-Chinese trade turnover was up by 31.4% in the first eight months of this year to $117bn and is on course to hit $200bn, the General Administration of Customs of China reported on September 7.

Ukraine’s international reserves have increased by almost 14% in August to $25.4bn

bne IntelliNews September 7, 2022

The gross international reserves of the Ukrainian central bank rose 13.6% in August to $25.44bn after the country received billions of dollars in support from its international partners and started to see the benefit from frozen debt payment deals.

Russia’s car sales down 62% in August, recovery in AvtoVaz

bne IntelliNews September 7, 2022

The sales of passenger cars and light commercial vehicles in Russia in August dropped by 62% year on year to 41,700 vehicles, according to the Association of European Businesses.

Ukraine’s banking sector back in profit – just

Ben Aris in Berlin September 4, 2022

Ukraine’s banking sector was back in profit for the year in July, but only just, earning a cumulative UAH3.4bn ($91.98mn) in the year to date, according to the latest data from the National Bank of Ukraine.

Russia’s PMI hits highest since invasion in August

bne IntelliNews September 1, 2022

The seasonally adjusted S&P Russia Manufacturing Purchasing Managers’ Index (PMI) posted 51.7 points in August 2022, above the no-change mark indicating expansion, up from 50.3 in July and showing the strongest improvement in manufacturing.

Russia’s GDP contraction slows to 4.3% in July

bne IntelliNews September 1, 2022

Russia’s GDP contracted by 4.3% year on year in July 2022, moderating the decline of 4.9% y/y seen in June, according to the latest date by the Ministry of Economic Development. To remind, For 2Q22 overall GDP contracted by 4%.

Russian population's inflation expectation rose in August to 12% for the next 12 months

bne IntelliNews August 31, 2022

The population’s expectations for inflation rose in August to 12% on average from 10.8% a month earlier in the coming 12 months against the actual rate of 15.1% recorded in July.

Russian industrial production falls only 0.5 in July, grows in seasonally adjusted terms, inflation continues to ease

bne IntelliNews August 25, 2022

Russia’s economy continues to do better than expected with industrial production falling only 0.5% y/y in July as after six months of war business adapts to the new conditions and put in a small gain in seasonally adjusted terms, Rosstat reports.

Russia on track for record wheat harvest but exports down by a quarter in July-August

bne IntelliNews August 24, 2022

Russia is on track for a record wheat harvest of 94.7mn tonnes, smashing the previous record of 84mn tonnes set in 2018, but exports are down by a quarter (27%) in the first two months of the new agricultural marketing year.

UN projects Ukraine’s population will never recover from war

bne IntelliNews August 24, 2022

Ukraine will never fully regain the population lost to death and mass displacement since Russia’s invasion in February, according to the latest set of projections from the United Nations.

Russian inflation falls again to 14.9% in August, fears of a deflationary spiral grow

bne IntelliNews August 19, 2022

Russia’s inflation fell 0.13% w/w for the period 9-15 August to an annualised rate of 14.9%, RosStat reported on August 18.

Russia’s EconMin seen as overly optimistic with another GDP upgrade

bne IntelliNews August 18, 2022

Russia’s Ministry of Economic Development is preparing a revised macroeconomic forecast for 2022, revising the GDP decline to 4.2% from the previously forecast 7.8% contraction -- the mildest forecast yet for this year's contraction.

Emerging Europe governments paying parents to have babies to stem population decline

bne IntelliNews August 17, 2022

Governments in several counties across Emerging Europe have launched pro-natal policies where parents receive financial benefits and tax breaks for having more babies.