Data
Russia's car sales decline continues in November at 6.4%
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia continued its decline, decreasing by 6.4% in November 2019, according to the report by the AEB Automobile Manufacturers Committee.
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Real effective rate of Turkish lira up 11% since May
Level of 77.35 compares to record low of 62.45 seen in September 2018 following the currency crash.
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Turkey’s CPI up less than expected to 10.56% in November leaving real interest rate at 3.44%
Inflation level won’t stop rate-setters easing further next week says one analyst. Another says they face a “difficult decision”
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Setback for Turkish recovery as November auto sales come in flat
Data imply consumers could be losing their appetite for taking on fresh debt despite new availability of cheaper loans.
Russia analysts caught off guard by sudden plunge of November manufacturing PMI
Analysts were caught off guard by the sudden plunge of Russia’s November manufacturing PMI result to 45.6, the lowest result in a decade, from an already low 47.2 in October.
Czech manufacturing PMI continues to crash, worst performance since mid-2009
Czech manufacturing sector continued to crash in November, with IHS Manufacturing Purchasing Managers Index down to 43.5 from 45.0 in October, driven mainly by decreasing production and new orders.
Russia’s Manufacturing PMI tumbles to 45.6 in November, worst result in a decade
Russia’s IHS Markit Russia Manufacturing Purchasing Managers’ Index tumbled to 45.6 in November, down from 47.2 in October – the worst performance across the Russian manufacturing sector for over a decade.
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Ukraine's current account deficit shrinks to $0.7bn in October
Ukraine’s current account deficit shrank to $0.7bn in October from $1.1bn in September due to a positive switch in the primary income balance, the National Bank of Ukraine reported.
Turkey’s manufacturing PMI remains in contraction territory in November but only marginally as output sees uptick
“A number of panellists continued to report upwards price pressures as a result of currency weakness, but this was much less of an issue than this time last year," says IHS Markit.
Czech economic growth slowing, 2.5% growth y/y in 3Q19
Czech annual economic growth slowed to 2.5% year-on-year in 3Q19, up by 0.4% quarter-on-quarter, driven by both the domestic and external demand, down from a y/y growth of 2.7% in 2Q19, according to the statistics office
Polish GDP growth eases to 3.9% y/y in Q3, preliminary estimate shows
Domestic demand drove the headline result in July-September, although the pace of its growth slowed, while investment growth weakened considerably.
Estonian GDP growth rate accelerates to 4.2% y/y in Q3
The pick-up in economic expansion in the third quarter arrived on the back of investment growing 8.1% y/y.
The foreign share in Russia's OFZ treasury bonds up to 32%
The foreign share of investors into the Russian Ministry of Finance ruble-denominated OFZ treasury bills reached 32% in November as foreign investors increased their holdings again to RUB2,837bn ($44.2bn) worth of the bonds.
Soaring hryvnia value causing problems for Ukraine
Ukraine’s hryvnia has gained 15% in value YTD and that is causing problems for the export orientated economy. The hryvnia passed the UAH24 to the dollar mark on November 27, a level it hasn't seen since 2015.
Hungarian forint slips to record low
The Hungarian forint extended losses on the interbank market, slipping to 337.2 versus the euro on November 26, with analysts blaming the central bank's extremely loose monetary policy.
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Czech unemployment rate is the lowest in the EU in 2018
The Czech Republic recorded the lowest unemployment rate in the European Union in 2018, for the third consecutive year, at 2.2%, followed by Germany with 3.4% rate, according to data published by the Czech Statistics Office
Ukraine industrial output stumbles in October, dropping 5% y/y
Ukraine's economy stumbled in October, after industrial output plummeted by 5.0% year-on-year after contracting by 1.1% y/y in September, the nation's state statistics service Ukrstat reported on November 22.
Polish PPI drops 0.1% y/y in October
The reading sees PPI inflation drop below the zero line for the first time since February 2018.
Ukraine retail sales grew by 10% y/y in January-October
Ukraine retail sales advanced 10.2% year-on-year in real terms in in January-October, accelerating from 9.8% y/y, the nation's state statistics service reported on November 20.
Czech economic growth to slow to 2.1% in 2020, according to OECD
The Czech economic growth is projected to slow to 2.1% in 2020 from 2.6% this year, driven mainly by falling household consumption and reduced government spending says the OECD