Sino-Russian trade turnover on track to top $100bn this year

bne IntelliNews November 8, 2018

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, Russia battle for title of the world’s biggest crude oil producer

bne IntelliNews November 8, 2018

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.

Russia's car sales remain strong in October ahead of VAT hike

bne IntelliNews November 8, 2018

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 inflation up to 3.5% in October, but still within CBR's targets

bne IntelliNews November 7, 2018

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%

October recovery for Turkish lira from consecutive Real Effective Exchange Rate record lows

Akin Nazli in Belgrade November 6, 2018

However, reading stands below what was seen in July.

Belarus' gross international reserves rose to $7.1bn as of November 1

bne IntelliNews November 6, 2018

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.

Russia’s services PMI surges on the back of improving economic recovery

bne IntelliNews November 6, 2018

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’s debt-to-GDP ratio 2.5pp down y/y as of end-August

bne IntelliNews November 6, 2018

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 retail trade up in September, driven by rising online sales

bne IntelliNews November 6, 2018

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 currency reserves back up to $18.1bn, over three months of import cover

bne IntelliNews November 6, 2018

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.

Turkish markets rally after US confirms sanctions waiver on Iranian oil imports

bne IntelliNews November 5, 2018

Stock market, Turkish lira, bonds and Halkbank all have a good day.

Romania’s retail sales growth hits 5-year low

bne IntelliNews November 5, 2018

The outlook is grim amid the economic slowdown, rising interest rates and lack of room for further fiscal stimulus.

Latvian industrial production falls in September

bne IntelliNews November 5, 2018

Second fall in output this year brings back fears of a slowdown in the industrial sector that could impede economic growth in the third quarter.

Contraction in Turkey’s domestic auto sales hits 76% y/y in October

bne IntelliNews November 5, 2018

Surprise consumer tax cuts have been introduced but analysts see carmakers faced by further deterioration in the months ahead.

Polish industry holds above growth threshold after PMI falls to two-year low in October

bne IntelliNews November 4, 2018

PMI's fall for the fourth consecutive month strengthens worries that expansion in Poland’s industrial sector has peaked.

Czech PMI further drop to 23-month low amid slowdown in automotive industry in October

bne IntelliNews November 2, 2018

The Czech IHS Manufacturing Purchasing Managers Index (PMI) slipped to 52.5 in October from 53.4 in September, the weakest growth for almost two years, figures released by IHS Markit on November 1 show.

Czech central bank meets this-week expectations and hikes its interest rate

Nelly Tomcikova in Prague November 2, 2018

The Board of the Czech National Bank (CNB) hiked its main interest rate at the November 1 meeting as expected by the analysts earlier this week.

Russian manufacturing PMI up as industry gains a little momentum

Ben Aris in Berlin November 2, 2018

Russia’s manufacturing sector gained a little momentum over the summer as the IHS Markit Russia Manufacturing Purchasing Managers (PMI) went back into the black printing a gain of 51.3 in October, up from September’s 50 that represents no change

Turkey’s manufacturing shrinks for seventh straight month

bne IntelliNews November 1, 2018

Despite slight uptick in October PMI reading, analysts take survey data as further evidence of a severe downturn.