Retail trade turnover increased in Croatia by 12.8% annually and by 2.2% in monthly terms in July.
North Macedonia’s domestic industrial producer price index started to grow in February, and growth accelerated in July.
The approval rating for Russian President Vladimir Putin has taken a hit in the last two months, falling from 66% in June to 61% as of August and with 37% disapproving, according to the Levada Center, his worst result since last May.
The profit of Ukraine’s banks surged to UAH9.7bn ($361mn) in July as the sector’s recovery starts to pull ahead of even their performance in 2019, the last year of strong growth.
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.
The profits earned by Russian banks in July continued to rise and are now at their highest level since at least 2015, according to the latest Central Bank of Russia (CBR) bulletin.
As the low base effects fade, the growth in industrial production (IP) is showing signs of moderating y/y. IP growth in July slowed to 6.8% y/y vs. Bloomberg consensus expectations of 8% and estimates of 8.2% y/y.
Annual consumer price growth accelerated in July, but prices were down compared to June.
Ukrainian retail sales increased 13.0% year on year in 7M21, slowing from 13.8% y/y growth in 1H21, Ukraine’s State Statistics Service reported on August 20.
Russia has received $18bn worth of Special Drawing Rights (SDRs) in the latest $650bn (456bn SDRs) transfer of the International Monetary Fund (IMF) that will take its total reserves to a new all time high of $619bn.
Jobless figures fall for fourth consecutive month.
NBS lifts 2021 growth forecast to 6.5% after strong performance in first half of year.
Russia’s stock market is flying and approached a 10-year high on August 17 as the index reached 1,690 – its highest level since 2012.
The growth rate was slower compared to consensus expectations for growth rates of around 2% q/q and above 14% y/y.
Exports increased by 31% y/y to $647mn while imports soared by 67% y/y to $1.72bn.
Ukraine’s economy fell back into recession as the fallout from the pandemic and soaring inflation that caused the National Bank of Ukraine to dramatically hike interest rates start to weigh on growth.
Russia’s GDP was up 1.3% vs. 4Q19, although it is still 3 percentage points below pre-COVID-19 trend levels.
Ukraine’s goods trade balance switched to a deficit of $230mn in June from a surplus of $257mn in May, according to Ukrstat.
The CNP’s forecast is rather cautious compared to the double-digit growth rate mentioned by Prime Minister Florin Citu recently as possible for this year.
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.