Eastern Europe / Data

Ukraine GDP slows to 2.4% growth in 3Q21, UkrStat estimates

Cameron Jones in Kyiv November 16, 2021

Ukraine GDP growth slows to 2.4% in 3Q21 from 5.7% in the second quarter as the low base effects wear off, UkrStat estimates

Microchip shortage still cuts Russian car sales by 18% in October

bne IntelliNews November 9, 2021

Russia’s new car and light commercial vehicle market saw the fourth consecutive month of year-on-year decline in October, as the sales took another cut of 18% y/y to 0.126mn.

EBRD predicts Ukraine’s economic recovery will gather momentum to 3.5% growth this year and next

bne IntelliNews November 4, 2021

Ukraine’s economic recovery is likely to gain momentum over the remainder of 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects (REP) report, published on November 4.

Russia’s service PMI stumbles as fresh wave of the coronavirus epidemic sweeps the country, index falls to 48.8

bne IntelliNews November 3, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.

Russia’s unemployment rate falls back to historic low of 4.3% in September from corona peak of 6.4% in August 2020

bne IntelliNews November 2, 2021

Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.

Russian retail sales surge 5.6% y/y in September on the back of real income growth, savings spending

bne IntelliNews November 2, 2021

Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.

Russia’s manufacturing PMI back in growth territory, expands to 51.6 in October

bne IntelliNews November 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 51.6 in October, up from 49.8 in September, and signalled the first improvement in the health of the Russian manufacturing sector for five months.

National Bank of Ukraine leaves key policy rate unchanged at 8.5%

Cameron Jones in Kyiv October 26, 2021

The central bank said it stands by its 2021 prediction of 9.6% inflation for Ukraine, slowing to 5% at the end of 2022.