Data
“Disappointing” PMI data shows solid scaleback of Turkish manufacturing in January
No take-off as demand conditions remain subdued.
Russian manufacturing PMI growth up a robust 53.1 points in January from 50.8 points a month earlier
Russia’s manufacturing sector expanded at its fastest pace in six months in January, driven by a surge in domestic demand and a rise in new orders, according to the latest S&P Global Russia Manufacturing Purchasing Managers’ Index data.
Polish manufacturers start 2025 on slightly more upbeat note
Poland's Purchasing Managers' Index increased 0.6 points to 48.8 in January, the economic intelligence company S&P Global said on February 3 (chart).
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Czech PMI improves to 46.6 in January
The figure was up on 44.8 registered in December and 46 registered in November, but still below the 50-point mark separating growth and decline, where the index has remained since June 2022.
Turkey's official headline inflation slows to 42% y/y in January
"Unofficial" calculation from ENAG shows figure of 81%. Monthly inflation moves up partly on minimum wage hike.
Ukraine’s alarming demographics turn on how many refugees return home after the war
Demographic data paint an alarming picture of Ukraine’s collapsing demographics, a problem that will be made worse by the fact that as time passes, fewer and fewer of the some 8mn Ukrainian refugees outside the country are likely to come home.
India’s digital economy to surpass agriculture and manufacturing sectors
India’s digital economy is projected to account for nearly 20% of the country’s GDP by fiscal year 2029-30, overtaking agriculture and manufacturing within six years.
Gold prices in Pakistan hit record high
Gold prices in Pakistan have reached a new all-time high following a $15 increase in the international bullion market, which pushed the price to $2,778 per ounce
Hungary’s economy emerges from recession in Q4 but 2024 growth disappoints
After two consecutive quarters of decline, Hungary’s economy bounced back from recession in Q4, posting 0.5% q/q growth, beating analyst consensus by 0.3pp.
Romania’s public debt reaches 54.3% of GDP at end-November
Romania’s public debt rose by €30.8bn in January-November 2024, well above the €25.9bn leap during the pandemic year.
China enhances position as Central Asia’s economic overlord
Trade balance heavily favours Beijing.
Reserve Bank of India resumes bond purchases after three years to manage liquidity
The Reserve Bank of India conducted net purchases of government bonds in the secondary market last week.
Polish retail sales disappoint in December
Polish retail sales expanded 1.9% year on year at constant prices in December, well below expectations of a 3.8% annual gain.
Taiwan’s GDP growth up on back of domestic demand
Taiwan's GDP growth for 2024 has been driven by strong domestic demand, although a larger-than-anticipated drag from net exports in the fourth quarter weighed on the overall reading.
India business expansion slows to 14-month low in January
Indian private sector companies began 2025 with a notable slowdown in growth as new business intakes decelerated. Aggregate output increased at its weakest pace since November 2023.
Where are the world’s rare earth metals?
US President Donald Trump has said once again he wants to buy Greenland for its strategic location, but Greenland is known to have an abundance of important rare earth elements that the US is missing.
Romania’s CFA analysts' sentiment improves despite Fitch warning and political turmoil
The CFA Romania Association's Macroeconomic Confidence Indicator increased in December by 6.7 points to a still gloomy value of 38.1 points on a 0-100 scale.
Turkey delivers another 250bp rate cut in line with expectations
Moderation in domestic demand, real appreciation in the lira and improvement in inflation expectations remain on track.
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.
Lack of large deals shrinks Romania’s M&A market
Real estate, construction and energy remained the dominant sectors, says new report from EY.