Data
Polish retail sales contract in October as COVID-19 restrictions and social gloom hit
Shops saw fewer customers in October, as restrictions limited people’s mobility and the general context of a surging pandemic weakened customer confidence.
Russia’s Watcom shopping index down again in November but stabilising
Russia’s Watcom shopping index continued to slide in early November. Although lower than at any time since the survey's launch in 2014, its decline rate is slowing. The fall was less than feared and the levels of foot traffic seem to be stabilising
Zagreb Stock Exchange’s Crobex10 index rallies to highest level since March
Crobex and Crobex10 indexes both up sharply on November 16 following positive vaccine news and Moody's upgrade.
Polish economy rebounds in Q3 but recovery unlikely to hold firm
Polish GDP fell a seasonally adjusted 2% y/y in the third quarter after retreating 7.9% y/y in April-June, a flash estimate released by the Central Statistical Office (GUS) showed.
Coronacrisis to get worse before it gets better forecasts wiiw
Most of CEE is heading for a double-dip recession this year as the latest wave of the crisis will result in fresh contractions in 4Q20, say wiiw economists.
Russia's GDP decline moderates to 3.6% in 3Q20
Russia's GDP declined by 3.6% year on year in 3Q20, marking a notable improvement after an 8% y/y fall in GDP seen in 2Q20.
Romania’s industry close to positive growth in September
Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.
Vehicle production puts Hungary's industry on a stable footing in September
Industrial output in Hungary grew 2.2% y/y in September, rising for the first time since February.
Ukrainian President Zelenskiy would win a presidential election tomorrow, but his SOTP would come in third
The ruling Servant of the People (SOTP) would come in third if parliamentary elections were held this Sunday but Ukrainian President Volodymyr Zelenskiy would still win the presidency, albeit with only 33%, according to a poll by KIIS
Falling inflation supports finance minister's calls for more rate cuts in Romania
Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.
Romania’s exports keep recovering, but trade gap surges in September
Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.
Bulgaria's retail sales fall 6.7% y/y in September
Sales of food, non-food goods and automotive fuel all plunged in September.
Slovenia posts trade surplus of €1.28bn in January-September
Slovenia swings to surplus in 9M20 compared to deficit in same period of 2019, as imports declined faster than exports during the pandemic.
Russia’s Watcom shopping index continues to slide as coronavirus second wave gathers momentum
Russia’s Watcom shopping index continued to slide in the last weeks of October and first week of November after almost recovering over the summer as the second wave of the coronavirus (COVID-19) pandemic in Russia gathers pace.
Belarusian reserve assets up 2.2% in October to $7.5bn
Belarus' international reserve assets totalled $7,485.6mn as of 1 November 2020, according to the preliminary data of the National Bank of the Republic of Belarus.
Romania’s retail sales up 3.8% y/y in Q3
Higher real wages, still moderate unemployment and affordable interest rates pushed up retail sales by 3.8% y/y in the third quarter after a 7.3% y/y contraction in Q2.
Rising COVID-19 cases put intense pressure on CEE healthcare systems
New restrictions imposed in countries struggling with a vicious second wave of the pandemic.
Ukraine estimates Q3 GDP decline at 3.6%
In the third quarter of 2020, Ukraine's GDP declined by 3.6%, and the figure for the January-September period amounted to 5.5%, the Ministry for Development of Economy, Trade and Agriculture announced on November 5.
Russia’s October services PMI records sharpest decline in business activity since the start of the pandemic
The unexpected economic slowdown that started at the end of September delivered another surprise after IHS Markit reported the biggest drop in the Russia Services Business Activity PMI Index, which tumbled from 53.7 to 46.9 in October.
Turkish lira deposit rates still “not attractive”
Those left with any local currency to spare amid torrid economic situation seen as having little option but to buy USD or gold amid ongoing record lows set by the TRY against the USD.