Central Europe / Data
COVID-19 lockdown results in collapse of Lithuanian retail sales in April
Retail sales crashed 17.9% y/y in April, a fall that was expected after the government instituted a lockdown to contain the spread of the coronavirus.
Polish retail sales come down crashing in April, hit by COVID-19 lockdown
A steep reduction in shops’ turnover in April is hardly a surprise, given the fourth month was the first – and only thus far – full month of lockdown, imposed by the authorities to limit the spread of the pandemic.
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70% of companies in Czech Republic saw a drop in orders in May due to COVID-19 outbreak
The economic situation of Czech companies is deteriorating and most hope for an extension of the government's Antivirus support programme, a survey by the Confederation of Industry and Transport shows.
Poland’s industrial production records unprecedented fall in April in the wake of COVID-19 lockdown
A contraction had been expected in April, but at 24.6% y/y the magnitude of the fall surprised the market.
Poland’s PPI deepens fall to -1.3% y/y in April
The reading sees the PPI deflation deepen its fall after the index slid 0.5% y/y in March.
Estonian PPI deepens fall to -4.4% y/y in April
Estonia's producer price index retreated 4.4% y/y in April, after falling 3.5% y/y in March.
Russa’s coronavirus cases close to 300,000 but PM says growth in new cases has halted
Slowdown in new cases in Eastern Europe, while lockdowns already being lifted in Central and Southeast Europe.
Most Central, Southeast Europe economies contract in Q1 but outperform eurozone average
Performance ranges from a contraction of 5.4% q/q in Slovakia to growth of 0.3% q/q in Bulgaria and Romania.
Lithuanian PPI sinks to -15.5% y/y in April as COVID-19 bites
Plunge in producer prices driven by crashing oil prices, an effect of the global oil market depression caused by the pandemic.
Lithuanian CPI growth eases to 1% y/y in April
The slowdown came mainly on the back of prices falling in the housing and transport sectors, an effect of the falling oil prices because of the coronavirus pandemic that depressed the global oil market.
COVID-19 pushed Poland's PMI off a cliff in April
The precipitous decline of the indicator points to a worsening crisis that will likely weigh down severely on the entire economy in the second quarter.
Latvian GDP contracts 1.5% y/y in Q1 as COVID-19 delivers blow to economy
The contraction is the direct effect of the lockdown measures imposed by the Latvian government – and those elsewhere in Europe, which had an effect on Latvia’s foreign trade dynamics – in March in order to tackle the coronavirus pandemic.
Russia coronavirus infections still soaring as Tajikistan finally reports first cases
The number of COVID-19 cases continues to rise by thousands daily in Russia, which now has one of the fastest growing outbreaks of the deadly virus in the world.
Latvian retail sales contract 1.8% y/y in March in wake of COVID-19
The contraction in March owes to the lockdown imposed by the government to fight the outbreak of coronavirus. The pandemic is expected to hit domestic demand heavily in 2020.
Strict and early lockdowns pay off in CEE/SEE while cases explode to over 80,000 in Russia
Tentative lifting of lockdowns in Central and Southeast Europe as number of new cases dwindles.