Central Europe / Data
Hungarian retail sales fall for 11th straight month in October
Decline of 6.5% y/y is second worst in EU.
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Drop in Czech retail sales slowed down to 1.4% in October
Czech retail sales decreased by 1.4% year on year and increased by 0.6% month on month in October, in the softest monthly drop in a year and a half. The drop in sales eased compared to the 4% y/y drop in September and the 2.8% y/y drop in August.
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Slovak GDP grew by 1.1% y/y in Q3
GDP also up by 0.2% quarter-on-quarter as trade surplus makes up for lower domestic demand.
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Czech GDP dropped by 0.7% y/y and by 0.5% q/q in 3Q23
Czechia remains the only EU country not to have recovered its pre-pandemic level of output.
Low base and agriculture lift Hungary out of technical recession in Q3
Hungary’s economy grew 0.9% quarter-on-quarter in the third quarter, after four consecutive months of contraction.
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Czech PMI stays low in November
Czech manufacturing PMI data from S&P Global market intelligence company posted 43.2 in November.
Polish PMI rises in November to open way for recovery at year’s end
Poland's Purchasing Managers' Index grew 4.5 points to 48.7 in November.
Polish inflation eases to 6.5% y/y in November, flash estimate shows
Analysts now expect the CPI to continue easing in the coming months but at a clearly slower rate.
Polish retail sales return to growth in October
Polish retail sales expanded 2.8% year on year in constant prices in October (chart), after falling 0.3% y/y the preceding month, the statistics office GUS said on November 22.
ING: Solid Polish labour market supports bounce back in spending.
A rebound in real wages and relatively stable employment are great starting points for a recovery in household spending. Economic growth in 2024 may reach around 3% on the back of both private and public consumption.
Polish producer prices deepen fall in October
Poland's producer price index (PPI) declined 4.1% year on year in October (chart), following a revised fall of 2.7% y/y the preceding month, the country’s statistics office GUS said on November 21.
Polish industrial production returns on growth path in October
Poland’s industrial production grew 1.6% year on year at constant prices in October (chart), after a revised fall of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on November 21.
Bulgaria had EU's biggest population slump in pandemic year 2021
EU regions with the steepest population loss were all in Bulgaria, led by Vidin with a loss of 25.7 per 1,000 people.
Poland’s CPI growth eases to 6.6% y/y in October
The CPI index remains above the National Bank of Poland’s target of 1.5%-3.5% but appears on track to near the target next year.
Hungary's automotive sector output edges up 1.2% y/y in September
Overall industrial output fell by 5.8% when adjusted for the number of workdays.
Hungary’s economy posts first quarterly growth since Q2 2022
Stronger than expected rise marks the end of a technical recession that has lasted a year.
Hungary's inflation back into single-digit territory after 18 months
On a monthly basis, consumer prices edged 0.1% lower.
Businesses increasingly concerned over geopolitical and economic risks to the global economy, says Oxford Economics
Businesses are increasingly concerned over geopolitical and economic risks to the global economy, according to Oxford Economics’ latest Global Risk Survey released on November 6.
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Czech industry decreased by 5% y/y in September
Analysts quoted by Czech Television (CT) sounded alarm bells, pointing out that a disruption in supply chains in the car industry caused by damaging August floods in Slovenia quickened the September decline of Czech industry.
Poland’s manufacturers tick up in October but still in negative territory
Poland's Purchasing Managers' Index grew 0.6 points to 44.5 in October.