Data
Romania’s industrial output falls by 2.0% q/q in Q3
Romanian industries are failing to take advantage of robust demand within the country, which instead has resulted in higher imports.
Romania’s trade gap widens sharply in Q3
Romania is increasingly importing consumer goods, while failing to develop value-added or export-driven industries.
Hungary’s October inflation delivers positive surprise
Analysts caution that the disinflationary trends may not be sustained into the coming months.
Romania’s central bank hikes end-2024 inflation forecast to 4.9%
With balance of risks to the inflation rate tilted to the upside, National Bank of Romania puts future rate cuts on hold.
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Czech inflation accelerates to 2.8% y/y in October
Czech consumer prices (inflation) increased by 2.8% year on year and by 0.3% month on month, accelerating from the 2.6% rise in September. The development came as largely expected by local market analysts.
Romanian central bank maintains policy rate amid persistent inflation and heightened risks
Faced with multiple sources of uncertainty, the BNR continued its cautious stance.
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Slovak industry grew by 2.5% y/y in September
The key sector of the manufacture of transport equipment registered a significant growth of 11.3% y/y in the second highest performance of the year.
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Czech unemployment inches down to 3.8% in October
Unemployment in Czechia inched down to 3.8% in October, a level it has oscillated around in recent months – 3.9% in September and 3.8% in August and July. It is the second lowest unemployment level in the EU.
Turkey bumps up end-2024 inflation “target” to 44%
Election of Trump sounds like good economic opportunity for Ankara, but nobody can really know as things stand.
North Macedonia’s central bank cuts GDP growth projections for 2024, 2025
Slower recovery than previously expected, but inflation on track to drop to 3.5% this year and continue downward trend into 2025.
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Czech National Bank cuts interest rates by 0.25bp to 4%
CNB forecasts GDP growth of 1% this year and 2.4% next year, down on the previous forecast of 1.2% and 2.8% growth.
Germany's industry back to contraction in September
Germany's industrial sector slipped back into decline in September, with output retreating by 2.7% month-on-month, Oxford Economics reports on November 7.
PMI shows Kazakhstan’s service sector activity fell back into contraction in October
Lower demand experienced, but market participants remain optimistic, expecting new contracts and investment opportunities over the next 12 months.
Russian service sector PMI up to 51.6 in October as inflationary pressures resurface
Russian service providers reported continued growth in October 2024, with a rise in both output and new orders, according to the latest PMI survey from S&P Global released on November 6.
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Kazakhstan sustained manufacturing growth in October, PMI data shows
Demand continues to grow. Production and new orders have been in "optimistic zone" for eight straight months.
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Turkish manufacturing still has it tough despite slight easing of pressure, October PMI shows
Manufacturers encountering challenging demand conditions.
Turkey releases official October inflation at 49% y/y
ENAG contends inflation moved up 1 percentage point to 90% y/y.
Estonia's GDP shrinks by 0.7% y/y in Q3 as economy struggles to emerge from recession
Estonia had the longest lasting recession in the whole of the EU until it finally achieved q/q growth in Q2.