Moscow’s property market is showing signs of life. Russians took out more mortgage loans in 9M18 than in all of 2017 as rates dropped to an all time low.
Industrial output growth has accelerated in recent years, but small, export-oriented Slovenia is vulnerable to slowdowns in global trade.
Czech consumer price inflation further slowed down to 2.2% year-on-year in October from 2.3% in September, the Czech Statistical Office (CSU) reported on November 9.
Fob/cif trade deficit widened by 18.1% y/y to €3.6bn in Q3, returning to the sharp pace of deterioration that was interrupted by a more moderate weakening in Q2.
Inflation is beginning to fall thanks to tough action by the National Bank of Ukraine, which has hiked interests rates twice this year.
The annual price growth in October extends the inflationary trend in the Lithuanian CPI to 34 months.
Analysts say bullish move follows surprisingly good October fiscal numbers, with cash deficit down to one-fifth the year-earlier level.
Trade turnover between Russia and China was up by more than a quarter in the first ten months of this year to $87.2bn.
US crude oil production set another all time high of 11.6mmb/d in early November, just ahead of Russia's new record of 11.36mmb/d.
Sales of cars and light commercial vehicles (LCVs) in Russia in October increased by 8% year-on-year to 0.16mn units, with January-October 2018 sales up by 14% y/y to 1.46mn, the latest data from the Association of European Businesses (AEB) shows
Russia's Consumer Price Inflation (CPI) continued to accelerate, registering 3.5% year-on-year in October 2018, up from 3.4% in September, versus 3.1% seen in August and 2.5% in July, but still below the central bank's target rate of 4%
However, reading stands below what was seen in July.
Reserves were bolstered by budget revenues, a loan tranche from the Eurasian Fund for Stabilisation and Development, and revenues from selling foreign currency denominated government bonds.
IHS Markit Russia Services Purchasing Managers Index rose in October to 56.9 from 54.7 a month earlier as the recovery gained momentum. The manufacturing PMI was also back in the black in October.
Romania has added €2bn to its public debt in the past 12 months, bringing it to €66.9bn (34.7% of GDP) as of the end of August, according to the finance ministry. The country will add more debt in the coming years.
Czech non-adjusted retail trade slowed to 1.4% year-on-year at constant prices in September, down from 4.2% in July, the Czech Statistical Office (CSO) data shows
Ukraine’s gross international reserves (GIR) increased by 0.6% in October to $16.737bn as of November 1, according to National Bank of Ukraine (NBU), thanks to the recent Eurobond issue.
Stock market, Turkish lira, bonds and Halkbank all have a good day.
The outlook is grim amid the economic slowdown, rising interest rates and lack of room for further fiscal stimulus.