Polish CPI picks up growth to 2.4% y/y in April, flash estimate shows
10 hours ago
Romania’s statistics office has confirmed a 5.7% y/y rise in GDP for Q1 (at comparable prices) and revised upward the value of the quarter’s GDP by 1.9% to RON203.6bn (€44.5bn).
Among the most notable revisions compared to the first Q1 GDP estimate issued on June 7, domestic consumption, particularly private direct consumption, was revised upward. The contribution of households’ consumption to the GDP growth was revised from 4.8pp to 5.3pp.
The formation of gross fixed capital was revised slightly downward; namely, its contribution to GDP growth was revised to a negative 0.2pp from negative 0.1pp under the first Q1 GDP estimate in June.
In annual terms, households’ consumption increased by real 7.3% y/y, compared to 6.7% y/y estimated in June. Total consumption (the government’s consumption included) was revised to 6.7% y/y from 5.9% y/y. The gross fixed capital formation’s dynamics was revised from a 0.7% y/y decline to 1% y/y decline.
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Polish CPI picks up growth to 2.4% y/y in April, flash estimate shows
Polish CPI grew 2.4% year on year in April (chart), just below the consensus line of 2.5% y/y and 0.4pp above the March reading, a flash estimate from Poland’s statistical office GUS showed on April 30.
Preliminary Q1 GDP data shows Hungarian economy posts modest rebound
GDP grew 1.1% year on year in Q1 and by 1.7% when adjusted for calendar effects.
Russia’s Economic Ministry issues bleak economic stress test scenario
Russia's Finance Ministry ran an extreme stress test on the economy for this year that assumes zero growth, a weakening ruble and falling oil and gas revenues in the worst-case scenario.
Moldova’s industrial output shows signs of recovery in February
More abundant and cheaper gas this year creates opportunity for resumption of industrial activity in Moldova.
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
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