Pandemic had “increasingly severe effect on supply chains in November, with lead times lengthening to the third-largest extent in the survey’s history”.
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI dropped to a six-month low of 46.3, down from 46.9 in October.
The worsening of the pandemic will affect the economy through weaker tourism, remittances, external demand and FDI, as well as tighter financial conditions, says the IMF.
Capital Economic’s economic sentiment indicator took a step down in November after a broad-based recovery since April across Central and Eastern Europe (CEE).
Russian cumulative corporate profits slumped in September as the economic recovery stalled. Profits are less than half what they were this time last year on a cumulative basis and a third what they were in September a year ago.
Some Nasdaq Baltic indexes show a noticeable improvement since the news of successful coronavirus vaccine trials broke earlier this month.
Shops saw fewer customers in October, as restrictions limited people’s mobility and the general context of a surging pandemic weakened customer confidence.
Russia’s Watcom shopping index continued to slide in early November. Although lower than at any time since the survey's launch in 2014, its decline rate is slowing. The fall was less than feared and the levels of foot traffic seem to be stabilising
Crobex and Crobex10 indexes both up sharply on November 16 following positive vaccine news and Moody's upgrade.
Polish GDP fell a seasonally adjusted 2% y/y in the third quarter after retreating 7.9% y/y in April-June, a flash estimate released by the Central Statistical Office (GUS) showed.
Most of CEE is heading for a double-dip recession this year as the latest wave of the crisis will result in fresh contractions in 4Q20, say wiiw economists.
Russia's GDP declined by 3.6% year on year in 3Q20, marking a notable improvement after an 8% y/y fall in GDP seen in 2Q20.
Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.
Industrial output in Hungary grew 2.2% y/y in September, rising for the first time since February.
The ruling Servant of the People (SOTP) would come in third if parliamentary elections were held this Sunday but Ukrainian President Volodymyr Zelenskiy would still win the presidency, albeit with only 33%, according to a poll by KIIS
Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.
Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.
Sales of food, non-food goods and automotive fuel all plunged in September.
Slovenia swings to surplus in 9M20 compared to deficit in same period of 2019, as imports declined faster than exports during the pandemic.
Russia’s Watcom shopping index continued to slide in the last weeks of October and first week of November after almost recovering over the summer as the second wave of the coronavirus (COVID-19) pandemic in Russia gathers pace.