Eurasia / Data
Kazakh manufacturing PMI shows return to contraction in November
Strain felt from headwinds including material shortages, lack of labour and price pressures.
Georgia’s annual GDP growth stable at 6.9% in October
For the first 10 months of the year, Geostat estimates an average growth rate of 10.5%.
Georgian banks’ loan portfolios grow by 15% y/y at end October
Compared to October 2019, before the crisis, the volume of assets and loans surged by 29% and 36% respectively.
Georgian banks’ profits 38% larger than before crisis
Release of part of provisions made last year contribute to the robust profits in 2021.
Money transfers to Georgian households surge by 26% in first 10 months
Wage remittances sent by Georgians living and working abroad have significantly contributed to the resilient domestic demand.
Georgia’s exports hit new record in October after 32% y/y growth
In January-October, the country’s exports rose by 24.9% y/y to $3.39bn and by 11% compared to the same period of 2019.
Kazakhstan's annual inflation remains at 8.9% y/y in October
Food inflation very slightly edges down to 11.3%.
Georgia’s inflation picks up to 12.8% y/y, driven by food prices
According to the central bank, the high inflation was mainly a result of one-off factors, such as significant increases in prices of food and oil on international markets.
Kazakh manufacturing PMI shows continued improvement in operating conditions in October
Index gains to 51.6 from 50.3 in September. Stocks of finished goods built at the fastest pace on record.
Georgia’s GDP in first nine months expands 11.3% y/y and 6.3% versus 2019
Growth turned positive for the second consecutive month versus non-pandemic year 2019.
Bank lending in Georgia up 12.9% y/y at end-September
In real terms, deflated by the consumer price inflation, the volume of bank loans edged up by a modest 0.6% y/y at the end of September.
Kazakh industrial output up 2.7% in first nine months
Oil output fell 3.4% y/y but ore mining grew 15%.
Georgia’s domestic exports strengthen on high metal prices
Compared to the pre-crisis period January-September 2019, Georgia’s exports increased by 9% to $2.98bn, while imports advanced by only 3.3% y/y to $7.03bn.
Inflation in Georgia eases to 12.3% y/y in September after eight months of gains
Central bank sees 10.6% by Q1 next year.
Kazakh annual CPI inflation at 8.9% in September
Food inflation is proving a serious difficulty.
Kyrgyz consumer prices up 14% y/y in August
High inflation continued amid a visible path to economic recovery.
Kazakh annual CPI inflation at 8.7% in August
Price growth driven by annual food inflation, which stood at 11.4%.
