Data
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Slovak industry maintains growth of 1.3% y/y in October
Slovakia’s industrial output maintained growth of 1.3% year on year in October amid the continued strong production of transportation equipment.
North Macedonia’s FX reserves soar 24.1% y/y at end-November
Gross international reserves reached €4.920bn at the end of November after strong growth in recent months.
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Czech unemployment inches upwards to 3.9% in November
Unemployment in Czechia inched upwards to 3.9% in a mild increase of 0.1 percentage points or 1,422 persons on the October level.
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Czech industrial production falls by 2.1% y/y in October
Czech industrial production fell by 2.1% year on year and by 0.7% month on month in October.
Romania’s GDP grows by just 0.8% y/y in 9M24
Private consumption remained the main growth driver in the third quarter of 2024.
Bulgaria's GDP grows 2.4% in Q3 2024
Consumption drives upturn in GDP growth, while exports fall.
Growth returned to Kazakhstan service sector in November, PMI shows
Fresh improvement in underlying trends. Cost pressures remained subdued. New hiring sustained but job creation growth only marginal.
Sri Lanka’s merchandise exports in October up 18.22%
Sri Lanka’s merchandise exports in October 2024 reached $1.097bn, an 18.22% year-on-year (y/y) increase, led by strong performances in apparel and textiles, tea, rubber products, coconut-based products and spices
Serbs support EU membership but remain emotionally wedded to Russia
IPSOS finds support for Serbia’s accession to the European Union is growing, but emotional and historical ties continue to bind the nation closely to Russia and China.
203 Turkish university programmes accept candidates with negative central exam scores
Inflated higher education admissions help disguise reality of severe unemployment.
Garanti concludes autumn season for Turkish banks’ syndicated loan renewals
In this cycle, 371-day, 734-day and 1,101-day tranches have emerged as a new phenomenon.
Turkey releases official November inflation at 47% y/y
A rate cut on December 26 remains a clear possibility.
Kazakh manufacturing sector sees sharp improvement in November, PMI data shows
Situation, however, clouded by logistical problems, rising raw material and supply costs and significant depreciation of national currency.
Turkish manufacturing slump continues in November but shoots of recovery seen, shows PMI
Firms confident of increased workloads ahead taking on staff, survey indicates. Waning inflationary environment brings slowest increase in output prices in five years.
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Czech PMI drops to 46 in November
Czechia manufacturing index PMI compiled monthly by the S&P Global market intelligence company dropped to 46 in November amid another downturn in operating conditions.
Polish PMI disappoints by straying further from growth line in November
PMI falls 0.3 points to 48.9, extending period below 50-point threshold to 31 months.
Gas prices rising as EU storage tanks empty faster than usual
Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.
Turkey launches tender to export 0.1mn tonnes of durum wheat
A former wheat importer, Russia’s Black Sea neighbour now a wheat, barley, gas and oil exporter on re-exports of Russia products to overcome Ukraine War sanctions.
Polish inflation eases expansion rate to 4.6% in November, flash estimate shows
Core inflation increased to an estimated 4.2% y/y-4.3% y/y in November.
Romania’s public debt reaches 54.4% of GDP
Debt increased by €6bn in September alone, driven by a €5bn international bond issuance.