Eurasia / Data
Kazakh manufacturing sector PMI registers growth following period of disruption due to Ukraine war
The Kazakh manufacturing sector signalled a return to growth in May following a period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia, according to the latest purchasing managers' index
EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
PMI data show Kazakh manufacturing sector remaining in contraction territory in April
New orders decreased for fifth successive month due to price hikes and lack of customers. Rate of decline eased significantly from previous month, however, as some firms able to secure new business.
Tourism revenues in Georgia roughly half of pre-crisis level in 12 months to March
Georgia’s revenue from tourism reached $174.5mn in March, 71.3% of the figure recorded in March 2019.
Kazakh manufacturing PMI returns to contraction territory following Ukraine invasion
Currency depreciation and squeezed availability of inputs linked to sanctions effects on Russia send index down to 46.8 in March.
