The sector's net profit in August amounted to RUB244bn with a return on capital of 26% in annual terms. The profits were 7% more than the July result of RUB229bn.
The inflation of Russian consumer prices has soared to uncomfortable highs, but those of producer prices have grown even faster, although the pace of growth has slowed somewhat in the last two months.
Montenegro’s GDP growth was much higher than the EU average of 14.2%, as it recovered from a steep contraction in 2Q20.
The Russian physicist and election statistics expert Sergey Shpilkin has released another two charts on voting patterns in the recent Duma elections that show a “comet effect” and a “Moscow blob”.
The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).
Corporate lending gained momentum thanks to the COVID-19 support package, but as subsidies are phased out and economic activity returns to normal, retail lending is gradually returning as the driving force behind overall bank lending.
Ukraine’s industrial output increased 0.6% year on year in August, accelerating from 0.2% y/y growth in July, the State Statistics Service reported on September 22. Seasonally adjusted output declined 0.6% month on month in August.
There was little change to the Watcom Shopping index that measures foot traffic in Moscow’s biggest malls in real time.
Seasonally adjusted, retail sales inched up 0.4% m/m in August.
Ukraine’s real GDP increased 5.7% y/y in 2Q21, the State Statistics Service reported on September 20, improving its preliminary estimate of 5.4% y/y.
Ukrainian retail sales increased 9.6% y/y (and 1.1 m/m) in August, slowing from 10.1% y/y growth in the prior month, Ukraine’s State Statistics Service reported on September 20. In 8M21, retail increased 12.9% y/y (vs. 5.7% y/y in 8M20).
The PPI index started to increase rapidly at the beginning of 2021.
In annual terms, industrial output still increased by an impressive 16.2% in July as an effect of subdued activity last summer.
Seasonally adjusted, industrial production grew 10.7% y/y in the eighth month after an expansion of 12.6% y/y in July.
The MPC will review new inflation and GDP projections during a sitting in November, widely thought to be crucial for the further course of Poland’s monetary policy.
Albania's clothing and footwear sector was deeply damaged by the pandemic, and has yet to recover to pre-crisis levels.
Inflation accelerated driven by food prices, in line with an increase in prices seen across the emerging Europe region.
High inflation continued amid a visible path to economic recovery.
Inflation rises 0.5pp versus the preceding month.
€3.5bn Eurobonds issued in July pushed debt up to RON545.3bn at the end of the month.