Data
Russia’s economic growth accelerated to 1.7% in 3Q19 after a very slow first half of the year
Russia’s State Statistics Service published preliminary GDP estimates for 3Q19 that posted a 1.7% y/y growth in the quarter, up from 0.9% y/y in 2Q19 and only 0.5% in the first quarter.
Romania’s industrial production sees sharpest correction in past decade
Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.
Belarus reports 0.5% m/m inflation in October
Consumer prices in Belarus grew by 0.5% month-on-month and 3.9% y/y in October, according to the nation's statistics service Belstat.
Romania’s sluggish Q3 exports raise questions about still buoyant import-driven consumption
Romania’s exports of goods increased by only 0.5% y/y to €17.0bn in Q3, which was the weakest performance in the past seven years.
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EC: Slovakia ́s real GDP at 2.7% in 2019
Slovakia's real GDP growth will significantly slow from 4.0% in 2018 to 2.7% in 2019, according to the European Commission (EC) autumn economic prognosis published on November 7.
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Czech retail sales at 7.3% growth y/y in September
Non-adjusted Czech retail sales increased by 7.3% year-on-year in September from 3.7% in August. The month-on-month seasonally adjusted sales in retail trade went up by 0.7%, according to the Czech Statistics Office data published on November 7.
Ukraine’s consumer prices rose 0.7% m/m and slowed to 6.5% y/y in October, driven by food prices
Ukraine’s consumer prices rose 0.7% m/m in October owing to growing prices for food, clothing and footwear, and alcohol and tobacco, the State Statistics Service reported. Annual inflation slowed to 6.5% y/y in October from 7.5% y/y in September.
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Ukraine foreign reserves flat m/m in October
Ukraine's international reserves decreased by 0.2% month-on-month to $21.4bn in October following a 2.6% m/m drop in September, according to the National Bank of Ukraine (NBU).
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Russian car market continues decline in October
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia continued its decline, decreasing by 5.2% in October 2019, according to the report by the AEB Automobile Manufacturers Committee overseeing the industry.
Popularity of Russian regional governors reaches all time high
The popularity of Russia’s regional governors reached an all time high of 65% in October, only 3 percentage points behind the popularity of President Vladimir Putin.
Russia’s CPI rate fell below the central bank's 4% target in October
In October Russia’s consumer price inflation (CPI) rate fell below Central Bank of Russia (CBR) target of 4% to 3.8% year-on-year, Rosstat reported on October 7.
Russia’s Service PMI posted a strong 55.8 in October, offsetting a slowdown in manufacturing
The October survey results signalled a strong expansion in business activity across the Russian service sector, largely underpinned by a sharper upturn in new orders.
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Ukraine central bank forecasts nation's GDP growth in July-September at 3.5% y/y
The National Bank of Ukraine (NBU) estimates the nation's GDP growth at 3.5% year-on-year in the third quarter of 2019, according to the NBU's inflation report published last week.
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Ukraine’s current account deficit grew to $1.1bn September from $0.4bn in August
Ukraine’s current account (C/A) deficit grew to $1.1bn September from $0.4bn in August due to a deteriorated balance of primary income and increased trade deficit, the National Bank of Ukraine (NBU) reported on October 31.
Czech manufacturing PMI still contracting in October, firms slash workers, confidence falters
Despite a slight increase in IHS Manufacturing Purchasing Managers Index (PMI) in the Czech Republic to 45.0 in October from 44.9 in September, the data signalled a further deterioration in the Czech manufacturing sector health
Auto sales in Turkey leap 128% in Oct as cut loan rates entice consumers
Despite strong sales performance of past two months, auto sales still 32% lower in first 10 months of 2019 year on year.
TURKEY INSIGHT: Officials say CPI now at 3-yr low but experts not convinced data is sound
“Not sure many people locally believe the data,” says one analyst. “I wouldn't be buying the mkt regardless. Too much $hit flying round,” remarks another.
Russian manufacturing PMI sector dropped in October on back of weakening client demand
The Russian manufacturing sector slowed again in October, driven by weaker client demand. Output and new orders both contracted but managers remain strongly optimistic about output over the coming 12 months.
Estonian retail sales maintain growth tempo in September
Consumption is expected to be an important driver of Estonia’s economic growth in 2019, as it was last year.
Russia’s growth driven by agriculture and wholesale trade in 3Q19
Russia’s growth was driven by a growth in agriculture and rising wholesale trade in the third quarter of this year, reports Rosstat in a data release looking at the basic sectors of the economy.