The world's biggest oil producers

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.

Drop in Russia’s car sales continues in November with 62% slump

Sales of passenger cars and light commercial vehicles (LCVs) declined by 62% year on year in November to 46,403 vehicles, according to the Association of European Businesses that oversees the industry.

Russian composite output stagnates as services PMI contracts in November

Despite the sharp improvement of the Russia Manufacturing Purchasing Managers’ Index™ (PMI) seen in November, continued contraction in the services sector has kept the composite output stagnating in the reporting month.

Global wage growth fails to beat inflation for the first time in 20 years

The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.

Fuel sales prop up Hungary’s retail sector in October

Annualised Hungarian retail sales growth slowed to 0.6% in October from 3% in the previous month.

Turkey's official inflation weakens for first time in year and a half, dips to 84%

ENAG inflation research group says it fell to 171% from 185%.

Kazakh manufacturing PMI signals renewed growth in November

Severe supply chain disruption continued, however, with muted rates of improvement across the sector.

Kazakh CPI inflation up 19.6% y/y in November

Impacts of Ukraine invasion still driving price growth in economy.

Hungary’s GDP growth slows to 4.0% in Q3

Adjusted for seasonal and calendar year effects, GDP grew 4.1% y/y, but fell 0.4% from the previous quarter.

Poll shows only one in five Moldovans happy with their government

Poll reveals Moldovans' unhappiness amid rampant inflation and economic hardship brought on by the war in Ukraine.

Montenegro’s tourist arrivals almost double y/y in October

Data shows rebound, but figures were below expectations as sharply rising prices kept some tourists away.

LNG in Europe: ready or not?

With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.

Russia’s GDP at 4.4% decline in October, construction and agro stick out

Russia’s manufacturing PMI improves at sharpest pace in more than five years

Russian manufacturing firms recorded their fastest improvement in almost six years as the S&P Global Russia Manufacturing Purchasing Managers’ Index™ (PMI) posted 53.2 in November, up from 50.7 in October – the fastest expansion since 2017.

Poland’s CPI growth eases 0.5pp to 17.4% y/y in November, flash estimate shows

The reading is the first y/y easing of the index since June 2021.

Poland’s Q3 GDP growth revised upwards to 4.5% y/y amidst sharp decline in consumption and investment

Sharp slowdowns in the expansion of private consumption and investment lead to growth easing from 5.6% in Q2.

Kazakh retail sales up by 1.4% y/y in Jan-Oct

Kazakh retail sales rose by 1.4% y/y in January-October, registering a value of Kazakhstani tenge KZT12.09tn ($25.8bn), according to data published by Kazakhstan's State Statistics Committee.

39.8% of Bulgarians have difficulty making ends meet, Eurostat survey shows

Bulgarians are more likely to be struggling with rising living costs than their peers in other EU countries.

Growth of North Macedonia’s PPI slows further to 22.3% y/y in October

As growth slows, annual growth in October was driven mostly by the increase in PPI in the manufacturing sector.

Ukraine liberates 74,000 square kilometres since Russia’s invasion

After the Russian military withdrew to the eastern bank of the Dnipro River in Kherson, the residents of the region that had been under Russian rule for eight months celebrated their liberation by Ukrainian troops, reports Statista.