Headline industrial output growth slows to 3.1% y/y.
Month-on-month, after seasonal adjustments, industrial output fell by 1.2%.
Food prices increased in line with the average, by 14.3% y/y, while prices of the non-food goods including energy and fuel advanced by 17.2% y/y.
Consumer price index increased by 16% y/y from 14.2% posted in April.
Further inflationary pressure is expected as end-user electricity prices rise by between 14% and 22% in June.
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
While Belarus’ economy minister has said that sanctions should not affect the living standard of ordinary Belarusians, a recent survey made by the country’s statistical agencies shows that poor Belarusian are already becoming poorer.
The board of the Central Bank of Russia (CBR) cut the key interest rate by 150 basis points from 11% to a single-digit 9.5%, projecting confidence in managing the sanctioned and isolated Russian economy.
Trade gap reached €26.6bn in 12 months to April, after rising commodities prices pushed up the value of both exports and imports.
Seasonal jobs will continue to be advertised in the coming months, which means the unemployment rate could fall even further.
Earlier flash estimate indicating 6.5% y/y growth and a 5.2% q/q advance surprised analysts, who were expecting a weaker performance.
Manufacture of motor vehicles contributed the most to the drop in output, mainly as a result of the lack of components.
Russian car sales have crashed as sanctions has brought the import-heavy industry to its knees. Russia’s car sales drop 84% in post-invasion May 2022
The S&P Global Russia Composite PMI Output Index (manufacturing and services) posted 48.2 in May 2022, up from 44.4 in April and 37.7 in March.
Minister says a propaganda war is being fought in Bulgaria, turning public opinion on the war in Ukraine.
But close to half of Globsec Trends 2022 poll respondents in Hungary, Bulgaria and Slovakia do not place primary responsibility on Russia for the war in Ukraine.
The outlook for the remaining part of the year is grimmer, due to the impacts of the war, the cutback in public investments and government transfers running out.
The Kazakh manufacturing sector signalled a return to growth in May following a period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia, according to the latest purchasing managers' index
Purchasing Managers’ Index falls to 52.3 points, down from 54.4 in April.
Poland's Purchasing Managers' Index dropped 3.9 points to 48.5 in May.