Hungary's CPI rises to 26-year high in November

Tamas Csonka in Budapest December 9, 2022

Consumer prices rose 22.5% y/y in November, accelerating from a 21.1% increase in the previous month.

Ukrainian central bank keeps key policy rate at 25% and warns blackouts are increasing inflation

Dominic Culverwell in London December 9, 2022

The National Bank of Ukraine will keep the key policy rate unchanged at 25% per annum, the bank stated in a report on December 8.

Serbian central bank raises key rate to 5%

bne IntelliNews December 8, 2022

National Bank of Serbia seeks to limit the spillover effects of import price growth on domestic prices as inflation reached 15% in October.

Analysts remain bullish on Hungarian industry’s outlook despite monthly contraction in October

Tamas Csonka in Budapest December 8, 2022

Industrial production declines 3.5% m/m in October, the first contraction in five months and the first since the pandemic.

North Macedonia’s annual inflation stands at 19.5% in November

bne IntelliNews December 7, 2022

Inflation slowed down slightly from the 19.8% recorded a month earlier.

The world's biggest oil producers

Anna Fleck for Statista December 7, 2022

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.

Drop in Russia’s car sales continues in November with 62% slump

bne IntelliNews December 7, 2022

Sales of passenger cars and light commercial vehicles (LCVs) declined by 62% year on year in November to 46,403 vehicles, according to the Association of European Businesses that oversees the industry.

Romania’s October retail sales confirm weaker private demand

bne IntelliNews December 7, 2022

Retail sales increased by 4.5% y/y in October, but the growth was mainly driven by the 15.6% y/y surge in fuel sales.

Russian composite output stagnates as services PMI contracts in November

bne IntelliNews December 6, 2022

Despite the sharp improvement of the Russia Manufacturing Purchasing Managers’ Index™ (PMI) seen in November, continued contraction in the services sector has kept the composite output stagnating in the reporting month.

Global wage growth fails to beat inflation for the first time in 20 years

Statista December 6, 2022

The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.

Fuel sales prop up Hungary’s retail sector in October

Tamas Csonka in Budapest December 6, 2022

Annualised Hungarian retail sales growth slowed to 0.6% in October from 3% in the previous month.

Turkey's official inflation weakens for first time in year and a half, dips to 84%

Akin Nazli in Belgrade December 5, 2022

ENAG inflation research group says it fell to 171% from 185%.

Kazakh manufacturing PMI signals renewed growth in November

bne IntelIiNews December 5, 2022

Severe supply chain disruption continued, however, with muted rates of improvement across the sector.

Kazakh CPI inflation up 19.6% y/y in November

bne IntelIiNews December 5, 2022

Impacts of Ukraine invasion still driving price growth in economy.

Hungary’s GDP growth slows to 4.0% in Q3

Tamas Csonka in Budapest December 2, 2022

Adjusted for seasonal and calendar year effects, GDP grew 4.1% y/y, but fell 0.4% from the previous quarter.

Poll shows only one in five Moldovans happy with their government

bne IntelliNews December 2, 2022

Poll reveals Moldovans' unhappiness amid rampant inflation and economic hardship brought on by the war in Ukraine.

Montenegro’s tourist arrivals almost double y/y in October

bne IntelliNews December 2, 2022

Data shows rebound, but figures were below expectations as sharply rising prices kept some tourists away.

LNG in Europe: ready or not?

Martin Armstrong for Statista December 2, 2022

With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.

Russia’s manufacturing PMI improves at sharpest pace in more than five years

bne IntelliNews December 1, 2022

Russian manufacturing firms recorded their fastest improvement in almost six years as the S&P Global Russia Manufacturing Purchasing Managers’ Index™ (PMI) posted 53.2 in November, up from 50.7 in October – the fastest expansion since 2017.