Civil engineering works returned to normal levels after two disappointing years, while work on residential projects doubled from the levels seen in the years after the recession.
Expansion was driven by the construction sector that contributed 3.3pp to overall growth in the second quarter.
Slovakia ́s industrial production accelerated by 2.8% year-on-year in July, recovering from June ́s drop by 1.9%, the Slovak Statistics Office reported on September 10.
The current account deficit is one of the main threats to Romania’s macroeconomic sustainability with the other being the budget deficit.
Slovakia ́s inflation slowed in August, reaching 2.8% year-on-year, after a 2.9% growth in July, with core inflation amounting to 2.4% and net inflation to 1.6%, based on data reported by the Slovak Statistics Office on September 13.
The moody amongst the public since Ukrainian President Volodymyr Zelenskiy came to power has done an abrupt about face and deep pessimism has turned to growing optimism in the future of the country.
Inflation is now expected to hover at around 3% y/y until the end of the year before peaking at 3.7-3.8% y/y in the first quarter of 2020.
Hungary has become a centre for the auto manufacturing sector, and the surge in output was the result of the low base as the summer shutdown of carmakers led to a sharp decline in output in July 2018.
Industrial growth has remained feeble since the beginning of the year, but broken down by segment the figures indicate a shift towards higher value production.
Ukraine sees deflation in August. Annual inflation stood at 8.8% year-on-year in August following 9.1% y/y in July.
Food prices (up 8.4% y/y in August) have been and will remain until the end of the year one of the key inflationary drivers in Moldova.
The growth accelerated due to the higher output in the key manufacturing industry, despite the fall in the mining and quarrying and electricity, gas, steam and air conditioning sector.
The July figures might overstate the diverging dynamics of exports and imports, but trend data confirm that exports are slowing at a significantly steeper rate than imports.
The slightly slower price growth appears in line with analysts’ prediction for a gradual easing of inflation towards the end of the year.
The foreign exchange reserves of Belarus increased by $263mn, or 3% month-on-month, to $8.89bn in August following a 5.1% m/m growth in July, according to the National Bank of Belarus (NBB).
Inflation has now persisted in y/y terms for 35 months straight, and all segments recorded annual price growth in August.
CPI expansion was driven by fast-growing prices in the food and non-alcoholic beverages segment, which contributed 40% of the overall increase.
The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.
Russia's car and LCV sales declined 1.3% y/y to 145,545 units in August, so 8mo19 sales fell 2.3% to 1.1mn, according to the latest data by the Association of European Businesses (AEB).
Preliminary statistics office figure in line with forecasts from international financial institutions that have projected Bulgaria’s GDP growth above 3% in 2019.