Central Europe / Data
Hungary's automotive industry continues to rebound in June
Hungary's biggest manufacturing sector rose 2.9% y/y in June after a period of contraction.
Poland’s CPI growth rate picks up just 0.1pp to 15.6% y/y in July
Some analysts argue figures signal inflation is nearing its peak and that the central bank could join its Czech counterpart and end the tightening cycle in September.
Hungarian inflation surges to 13.7% y/y in July
Worst figure for 25 years weakens forint and piles more more pressure on the central bank to keep putting up rates.
Unemployment slightly rose in Czechia in July
At the end of July, 240,706 Czechs were seeking employment. This figure is 9,397 more people than the previous month, translating into a rise of 0.2%.
Hungary's industrial output picks up in June, but outlook mixed as economy set to slow down
Hungary’s industrial production grew 4.8% y/y in June, up from a 3.4% increase in the previous month.
Hungarian consumers cut back spending in June
Retail sales growth slowed to an annual 4.1% in June from 12% in the preceding month.
EU gas imports from Russia in charts
The Bruegel think-tank has published a set of interactive charts that show very clearly how Russian gas imports to Europe this year are well below the historical average.
Polish factories in downward spiral, July PMI shows
Poland's Purchasing Managers' Index dropped 2.3 points to 42.1 in July amid sharp falls in output and new orders.
Slovenia’s inflation accelerates further to 11% y/y in July
Annual inflation speeded up by 0.6 percentage points from the previous month.
Polish CPI growth stabilises at 15.5% y/y in July but peak still ahead, analysts say
Consumer demand is weakening after a 10-month streak of interest rate hikes by the National Bank of Poland.
Slovenia’s consumer sentiment index drops to lowest level since April 2020
Sentiment deteriorated even though Slovenia is expected to be among the fastest growing economies in emerging Europe this year.
Slovak consumer prices in June rose to highest level since 2000
Inflation rose to 13.2% year-on-year, while in month-on-month terms, growth in prices in June slowed to 1.2%.
Hungary’s automotive industry rebounds in May
Headline industrial output increased by 9.4% y/y in May, with automotive output up 8.7%.
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Czech consumer prices grow by record 17% in June
Food price rise of 18% was main driver in surging CPI.
Czech unemployment rate falls further in June
Analysts predict rate to tick upwards around end of year because of Ukraine refugee wave and threat of recession.
Germany’s ZEW Index collapses as fears of gas rationing mount
Germany’s leading economic index, the ZEW, collapsed in July as fears mount that Russia will cut the country off from gas entirely at the end of this month, and that could spark a major economic crisis, Oxford Economics reported on July 12.
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Slovak industrial production slightly up again in May
After three months of annual declines, industrial production increased by 1.1% year-on-year and by 2.1% month-on-month.
Hungary’s June CPI climbs to 11.7%
Investors now expect the base rate well above 10%, with forward rates rising to 12-13%.
Czech industrial production slightly up again in May
After three months of decline, Czech industrial output in May grew by 3.3% year-on-year.
Emerging markets see $4bn of outflows in June as global recession fears grow
Pockets of weakness persist in emerging markets where real interest rates are deeply negative – and risks for those countries are rapidly mounting.
