Data
_1751907143.png)
Czech industrial output slightly accelerates to 2.2% y/y in May
Czech industrial output increased by 2.2% year on year and fell by 1.6% month on month in May.
Global and domestic uncertainty drag down Serbia's GDP growth
GDP expands by just 2.2% in 5M25 amid weakening demand from major European trade partners and declining inflows of capital and foreign direct investment.
Russia’s military recruitment slows but costs surge past $4bn in first half of 2025
Russia’s contract military recruitment slowed in May and June after a spring surge, but the cost of signing up new soldiers continued to climb, according to analysis by Janis Kluge, fellow at the Stiftung Wissenschaft und Politik (SWP).
Zimbabwe abolishes decades-old dual exchange rate controls
Zimbabwe has officially eliminated exchange rate controls that authorities used for decades to arrest and fine individuals and businesses operating with unofficial rates.
Kazakhstan’s annual inflation climbs to 11.8% in June, driven by utilities and food prices
Kazakhstan’s annual inflation rate rose to 11.8% in June, up from 11.3% in May, according to latest figures released by the National Statistics Bureau. Monthly inflation eased slightly to 0.8%, compared to 0.9% in May.
Poland's public finance deficit seen rising to 6.8% of GDP by 2026, says Pekao
Poland’s public finance sector deficit is projected to reach 6.8% of GDP in 2026 and 5.7% in 2027, according to analysts at Bank Pekao, who cite sustained military spending, weaker tax revenues and looser European fiscal rules as the reason.
Turkey releases official June inflation at 35% y/y
Turkey’s consumer price index (CPI) inflation officially stood at 35.05% y/y in June versus 35.41% y/y in May and 44% y/y at end-2024.
Russia's service PMI falls back into the red in June for the first time in a year to 49.2
Russia’s service sector fell back into the red at the end of the second quarter as the S&P Global PMI index fell to 49.2 in June from 52.2 in May, below the 50 no-change benchmark.
Poland’s NBP cuts by 25bp, more cuts likely
The National Bank of Poland’s decision to cut its main policy rate by 25 basis points on July 3, bringing it to 5.00%, caught most analysts off guard. Yet for those watching closely, the signals were already there.
Hungary meets nearly entire annual financing plan by June
Hungarian Debt Management Agency (AKK) said the 2025 financing plan was fulfilled on a prorated basis in H1, with 96% of the full-year net issuance target completed by end-June.
_1751365371.png)
Czech PMI rises above 50 for the first time in over three years
Czechia’s manufacturing PMI index, compiled monthly by the S&P Global market intelligence company, posted 50.2 in June, returning above the 50-point mark separating growth and decline for the first time in over three years.
_1751369200.png)
Polish manufacturing suffers sharp contraction to 44.8 in June as new orders slump
The Polish manufacturing sector faced its steepest contraction in over two-and-a-half years in June, with a sharp decline in both output and new orders, according to S&P Global's latest Purchasing Managers’ Index survey published in June.
Russian manufacturing contracts in June decline at fastest rate in three years to 47.5
Russia’s manufacturing sector recorded its sharpest downturn in more than three years in June, as weak domestic and international demand triggered renewed declines in new orders and output, S&P Global reported on June 30.
ETF investment trends in Asia in 2025
While ETF markets in Asia have historically lagged behind those in North America and Europe in terms of depth and diversity, 2025 is witnessing a decisive maturing of the regional ETF ecosystem.
Istanbul-listed Isbank’s CEO expects 350bp rate cut on July 24
Head of Turkey's government-run Ziraat Bank is also anticipating a significant downward move in the benchmark.
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.
_1751258295.png)
Czech statisticians improve GDP estimate to 2.4% Q1
Czech gross domestic product increased by 2.4% year on year and by 0.7% quarter on quarter in the first quarter of this year, following a revision by the Czech Statistical Office on the previously published 2.2% y/y and 0.8% q/q.
Turks back in the game tapping eurobond market
Four Turkish issuers raise combined $3.85bn in three days.
_1751039759.png)
Russia’s inflation continued to recede to 9.5%
Russia’s consumer price inflation during the week of June 17–23 was 0.04% week on week, flat as compared to the previous week, according to the latest report from RosStat statistics agency.
ING: Unemployment rate drops further than expected in Hungary
Recent labour market data show that demographic decline and voluntary exits are key factors to watch out for. Meanwhile, gloomy macroeconomic conditions are leading to redundancies. A bleak outlook is prompting companies to consider downsizing.