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.
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Russian retail sales down by a quarter year on year in April, as unemployment soars
Russia’s April lockdown hit the statistics this week, after Rosstat reported that retail sales were down a massive 23.4% year on year and unemployment almost doubled in the month, the state statistics agency said on May 27.
Ukraine’s real wage gains still positive but fall in dollar terms in March
The average income in Ukraine has been rising steadily in recent years and rose from a mere UAH6.659 ($221) in January 2017 – making Ukrainians the poorest people in Europe – to almost double to UAH10.727 ($439) this January.
Belarus industrial output declined 3.8% year on year in 4M20
In January-April 2020 Belarus industrial output declined 3.8% year on year as the double whammy of the oil price collapse and the coronavirus stop-shock hit home.
Belarus industrial output declined 3.8% year-on-year in 4M20
In January-April 2020 Belarus industrial output declined 3.8% year-on-year as the double whammy of the oil price collapse and the coronavirus stop-shock hit home.
Industrial production in Ukraine tumbles by 16.2% year on year in April
Industrial production in Ukraine in April 2020 fell by 16.2% year on year, compared with the March drop of 7.7%, February’s fall of 1.5% and January’s contraction of 5.1%, the State Statistics Service said on May 23.
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.
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Russia maintains budget surplus, external position in April 2020
Amazingly In April, Russia maintained double surpluses in its external accounts with a trade surplus of $3.5bn ($35.6bn in 4M20) and a current account surplus of $1.8bn $23.5bn 4M20) despite the catastrophic collapse in oil prices.
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.
Construction to support recovery in Romania after robust Q1 growth
The construction works volume index increased by 32.6% y/y in Q1 and by nearly 30% y/y in March alone.
Romania’s FDI turns negative in Q1
Multinationals halted their equity investments and asked their local subsidiaries to pay back their loans, central bank data showed.
Croatia air passenger numbers drop 61.5% y/y in March
Plunge in passenger numbers expected after coronavirus lockdown and travel restrictions imposed during the month, bringing a halt to tourist travel.
Negative surprise as Turkey posts March industrial production decline of 2% y/y and 7% m/m
Despite onset of pandemic and lockdowns market was expecting some growth.
Illegal border crossings to EU via Western Balkans increase 60% in January-April
More migrants risked the Balkan route in January-March, but almost no illegal border crossings during coronavirus lockdowns in April, says Frontex.
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.