Central Europe / Data
Polish PPI eases decline rate to -2.6% y/y in December
Poland's producer price index (PPI) fell 2.6% year on year in December (chart), following a revised fall of 3.8% y/y in November, the country’s statistics office GUS said.
Polish central bank NBP turns up hawkish message as it holds rates at 5.75% again
Poland's Monetary Policy Council, the rate-setting body of the National Bank of Poland (NBP), kept the central bank’s reference interest rate unchanged once again at 5.75% on January 16.
Polish current account down slightly in November to 0.2% of GDP on German weakness
Poland’s external current account surplus declined in November, falling to 0.2% of GDP on a 12-month rolling basis, down from 0.4% in October, according to data from the National Bank of Poland (NBP), ING reports.
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Czech industry falls by 2.7% y/y in November in another disappointing performance
Czech industrial output dropped by 2.7% year on year and 1.5% month on month, extending the y/y drop to two consecutive months after it fell by 2.1% y/y in October.
Hungary's industry mired in recession in November as October bounce proves one-off
Industrial output in Hungary fell 4.2% year on year in November and by 2.9% when adjusted to working days, according to preliminary data from the Central Statistics Office.
Polish manufacturers go deeper in downturn mode in December
The fall of the indicator – which has now lingered below the 50-point mark separating contraction from growth for 32 months – occurred for a second successive month after a four-month expansion series.
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Czech PMI drops to 44.8 amid weakening automotive industry
It is the second consecutive monthly drop, having decreased to 46 in November, down from 47.2 posted in October. The index has remained below the 50-point mark separating growth and decline for over two and a half years now.
Polish industrial production disappoints in November as output falls 1.5% y/y
Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.
Polish producer price deflation eases further in November
The PPI has been on a declining trend, reflecting the still relatively low demand linked to sluggish Germany economy and the domestic expansion only beginning to gain sustained momentum, analysts say.
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Czech National Bank keeps interest rates at 4%
Central bank ended its one-year cycle of cutting rates.
Hungarian households have joint lowest consumption levels in EU
Hungarians and Bulgarians had the lowest spending power among EU member states.
Poland’s core inflation comes in at 4.3% y/y in November
Poland’s core inflation, an indicator that measures price growth without including food and energy, picked up its expansion rate to 4.3% y/y in November after a gain of 4.1% y/y the preceding month.
Advanced economies have lower out-of-pocket healthcare spending
According to the Global Health Expenditure Database by the World Health Organization (WHO), the global average out-of-pocket expenses related to health across 192 countries made up 30% of all health expenditures per capita in 2022.
Hungary’s automotive sector grapples with slowdown of export markets
Automotive output down 3.9% year-on-year in October.
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Slovak inflation hits 3.2% y/y in November
Inflation accelerated slightly on the 3.1% y/y growth in October and was the third highest this year amid a continued rise in food prices. The m/m rate is a slowdown on the 0.7% m/m growth in October.
Polish inflation rate eases to 4.7% y/y in November
The Polish consumer price index reduced its expansion rate to 4.7% year on year in November (chart) from 5% y/y in October, data from Poland’s statistical office GUS showed on December 13.
Hungary's inflation accelerates to 3.7% in November
Month-on-month inflation was 0.5%.
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Czech inflation stays at 2.8% in November
Consumer price indices (inflation) increased by 2.8% year on year, the same as in October. Month on month, inflation increased by 0.1%.
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Slovak industry maintains growth of 1.3% y/y in October
Slovakia’s industrial output maintained growth of 1.3% year on year in October amid the continued strong production of transportation equipment.
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Czech unemployment inches upwards to 3.9% in November
Unemployment in Czechia inched upwards to 3.9% in a mild increase of 0.1 percentage points or 1,422 persons on the October level.