The adjusted annual growth in April owes to production expanding 14% y/y in the most-weighted manufacturing segment, compared to a growth of 7% y/y the preceding month.
The pick-up owes to the calendar effect, with sales spiking because of Easter but also to Polish households’ general inclination towards increased consumption, driven by the good situation on the labour market – low unemployment and growing wages.
Russia's industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Russia on track to finish the year with 2.3% industrial production growth
The headline figure attests to the Polish industrial sector’s stubbornness to give in to negative trends in the external environment, especially the slowdown of activity in Germany, Poland's largest trading partner.
Retail trade increased 9.1% y/y in real terms in April, slightly accelerating from 8.9% y/y in March
Budapest eased restrictions on the employment of non-EU citizens in an effort to manage the labour crunch.
May’s reading is the lowest ever recorded since the data compilation began 15 years ago. Renewed weakening of lira appears to have hit sentiment.
Slovakia's economy will increase by 3.7% of GDP in 2Q19 and by 3.8% of GDP in 2019, according to May short-term economic forecast, published by the Budgetary Responsibility Council in its forecast from May 20, drawing attention to growth risks, inclu
Russia's GDP growth slowed notably to 0.5% year-on-year in 1Q19, down from the strong 2.7% y/y seen in 4Q18 and 1.9% y/y in 1Q18, according to the preliminary data by Rosstat statistics bureau.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
Assessing economic flashpoints on horizon, analyst says external debts equal to around 24% of Turkey’s GDP need to be serviced over the next 12 months, leaving the lira vulnerable to bouts of risk aversion.
GDP growth reached a 19-year high of 5.3%, with the industrial sector unfazed by a slowdown in eurozone economies or the strike at Audi's Gyor factory.
The Czech economic growth slowed to 2.5% year-on-year in the first quarter of this year from 2.6% in the 4Q18, affected mostly by lower external demand and household consumption
Slovakia´s inflation slowed to 2.3% year-on-year in April, down from 2.7% in March. Core inflation stood at 1.9% and net inflation at 1.6%, the Slovak Statistics Office reported on May 15.
Typically praised, the Treasury's housekeeping is going to pot amid country's economic turmoil.
Romania’s GDP rose in 1Q19 at the fastest rate in the past five quarters, but besides the positive sentiment this generated, the figure also consolidates concerns related to the sustainability of the wage-led growth.
The automotive sector, which has the largest weight in the industrial sector, boosted output by 12.8% y/y in March, the highest rate in two-and-a-half years.
Russia is projected to harvest a solid harvest of wheat of over 77mn tonnes and 38.4mn tonnes of feed grain (corn, sorghum, barley, rye, oats, millet), making a total harvest of 115.4mn tonnes in 2019
Czech unemployment rate dropped to 2.7% in April from 3% in March, at its lowest level since June 1997, due to the continuing start of seasonal work, according to data by the Labour Office published on May 10.