The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).
Seasonally adjusted, retail sales inched up 0.4% m/m in August.
Seasonally adjusted, industrial production grew 10.7% y/y in the eighth month after an expansion of 12.6% y/y in July.
The MPC will review new inflation and GDP projections during a sitting in November, widely thought to be crucial for the further course of Poland’s monetary policy.
Inflation rises 0.5pp versus the preceding month.
Inflation hits 3.8% in August, driven by higher prices in transport, construction materials and food.
Czech inflation rose to 4.1% year-on-year in August, the highest since November 2008, up by 0.7 percentage points.
Hungary’s headline inflation edged up to 4.9% in August from 4.6% in July.
The figure is down from 3.7% in July and by 0.2 percentage points year-on-year, making it the lowest among EU members.
But complications in the supply of raw materials and necessary components may lead to production fluctuations in the coming months and hamper overall growth.
In quarter-on-quarter terms, GDP reached 2% growth.
The flash reading puts Poland’s inflation at a 20-year high, adding ever more political heat to the debate about whether the central bank should raise rates.
The reading is an upward revision of 0.3pp versus the flash estimate, and shows that Poland has well and truly shaken off the pandemic-induced recession.
Quarter-on-quarter, Czech GDP increased by 1% in 2Q21, mainly due to a growth in final consumption of households and in gross fixed capital formation.
Hungary’s labour market has been resilient and recovered quickly from the pandemic, helped by coordinated economic protection measures by the state and the central bank.
Jobless figures fall for fourth consecutive month.
A move to quash accelerating inflation from the NBP is, however, unlikely before it is clear how big the impact of the expected fourth wave of the COVID-19 pandemic will be.
Growth expected to slow if government reimposes COVID-19 restrictions in the autumn.
Czech consumer prices increased by 3.4% year-on-year in July, the highest figure since July last year, driven by higher prices in transport (by 18.5%) up by 0.6 percentage points (pp) month-on-month.
Hungary’s consumer prices rose 4.6% y/y in July, slowing from the peak of 5.3% in the previous two months.