Analysts expect incomes to continue to rise this year as President Vladimir Putin has said on many occasions recently that the top priority is to boost income levels in 2020.
Russian industrial output growth in January 2020 slowed to 1.1% from 1.7% seen in December, according to the report by Rosstat statistics agency.
The industry production in Belarus plunged by 5.8% year-on-year in January, according to the national statistics agency Belstat.
Passenger car imports leap 102% while vehicle sales the domestic market jump 89% as aggressive monetary easing and looser fiscal policy kick in.
Analysts forecast a further slowdown in the first half of 2020.
Russia’s weekly inflation remained at 0.1% week-on-week on the week of February 10, with the daily inflation slowing to 0.01% after an acceleration over the first few days in February, according to Rosstat statistics agency.
Capital estimates economy expanded 1.5% q/q in Q4 with looser fiscal and monetary policy as drivers. But signs are pressure on lira likely to mount. Central bank expected to hike rates by second half.
Kazakhstan's industrial output rose by 4.1% y/y in January, according to figures released by the State Statistics Committee on February 11.
Russia’s consumer price inflation in January 2020 stood at 2.4% year-on-year, Sberbank CIB estimated on February 7 based on official estimate of 0.4% month-on-month inflation for the reporting month.
The weak data marks the continuation of the downturn in Poland’s manufacturing segment, despite some improvement in sentiment in European industry.
Turkish manufacturing sees a headline survey figure above 50.0 no-change mark for first time in 22 months.
The result shows a considerable slowdown in Latvian economic growth versus the adjusted growth of 1.8% y/y in the third quarter. A slowdown in manufacturing dragged the economy down.
The breakdown of the data shows household consumption – the main driver of growth in recent years – weakened last year, as did investment. The figures also point to a sharp y/y deceleration of economic growth in the fourth quarter.
Real disposable incomes in Russia increased by 0.8% in 2019, the growth accelerating from 0.1% seen in 2018 and beating the expectations of 0.1% of the Ministry of Economic Development, the latest data released by RosStat statistics agency shows.
Sales thus decelerated their growth rate in comparison to the 4.5% annual expansion in the eleventh month. Retail sales have been on an uninterrupted growth track since 2015.
Average at local banks fell to 9.60%, lowest recorded in three years.
The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.
Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November