_1713386305.jpg)
Ford drives hike in car production in Romania
20 hours ago
Poland’s PMI declined 0.6 points to 47.4 in January, the lowest start to the year since 2009, IHS Markit reported on February 3. The indicator has now remained below the 50-point line separating contraction from growth for 15 straight months, the longest such series since 2012-2013.
The weak data marks the continuation of the downturn in Poland’s manufacturing segment, despite some improvement in sentiment in European industry. That is in line with forecasts of the Polish economy going into a deeper slowdown in 2020 after growth eased to 4% in 2019 from 5.1% the previous year.
January data showed “sustained declines in output, new orders, purchasing and employment. Notably, the sector's workforce was cut at the fastest rate since October 2009,” IHS Markit said in a comment.
“The downturn in exports gathered pace having slowed at the end of 2019. Sentiment regarding the 12-month outlook continued to recover from last November's record low, but remained subdued overall,” the index’s compiler added.
Poland’s industrial production data for January are expected later this month. Output growth disappointed in December, expanding just 2.1% y/y, down from 5.4% y/y the preceding month, adjusted figures showed.
Industrial production accelerated from 1.4% y/y to 3.8% y/y in unadjusted terms but that also fell below market expectations.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
17 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
17 hours ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago