Romania’s retail sales up 4.1% y/y in Q1

bne IntelliNews May 7, 2021

After the initial lockdown, sales of non-food goods defied the crisis and advanced steadily, posting a 10.8% y/y annual advance in Q1.

ING: Inflation pressure continues to build in Poland

Rafal Benecki and Dawid Pachucki economist at ING in Poland May 7, 2021

Headline CPI jumped to 4.3% year on year in April. The idea that the National Bank of Poland can mimic the accommodative stance of the Fed or ECB is increasingly debatable. In terms of inflation, Poland is closer to the emerging markets.

Russians Services PMI remains a strong 55.2 in April but slowed a little from March, optimism for the rest of the year high

bne IntelliNews May 6, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity PMI index slowed a little in April to 55.2, down slightly from 55.8 in March, but remains robustly above the 50 no-change level as services bounce back.

Bucharest Stock Exchange up 15.7% ytd despite modest performance in April

bne IntelliNews May 5, 2021

The main index of the Bucharest Stock Exchange, BET, gained 15.7% in the first four months of this year, with building materials producer Teraplast the top performer.

DATACRUNCH: Ukraine starts to close the gap with Russia

bne IntelliNews May 5, 2021

Russia and Ukraine are both emerging from the coronacrisis and have had very similar experiences, but as the recovery gets under way Ukraine is beginning to close the gap with Russia.

April PMI shows Covid resurgence undercut Turkish manufacturing

bne IntelIiNews May 4, 2021

Higher interest rates also appear to have squeezed performance.

Polish PMI eases expansion in April amid supply constraints and inflationary pressure

Wojcich Kosc in Warsaw May 4, 2021

Analysts say that the PMI is currently reflecting the manufacturing sector’s problems in meeting demand but the problems appear to be temporary.

Russia’s manufacturing PMI slips to 50.4 in April as growth slows

bne IntelliNews May 4, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 50.4 in April, down slightly from 51.1 in March, to signal the slowest improvement in operating conditions in the last four months.

Russia's business and consumer confidence surveys delivered very positive results

bne IntelliNews May 4, 2021

Spirits in Russia are picking up as both Rosstat’s business and consumer confidence surveys delivered very positive results.

Poland’s CPI surges 4.3% y/y in April

Wojciech Kosc in Warsaw May 4, 2021

Despite the faster than expected growth, analysts remain confident that the central bank will keep its ultra-dovish policy until mid-2022 at least.

Russian population inflation expectations soar to their highest level since 2016

Ben Aris in Berlin May 4, 2021

The Central Bank of Russia (CBR) has released the results of a survey on inflation expectations conducted in early April that show consumers' expectations for inflation have “gone through the roof”.

Higher electricity prices push up Slovenia’s inflation in April

bne IntelliNews May 2, 2021

Slovenia’s consumer price index (CPI) went up by an annual 2.1% in April, accelerating from the slim 0.1% increase a month earlier.

Croatia’s retail trade up 14.3% y/y in March as shopping habits return to normal

bne IntelliNews May 2, 2021

March 2020 was the first month in which retail trade was dramatically affected by the coronavirus pandemic.

Real wages in Ukraine accelerated by 9.5% y/y in March to $490/month

bne IntelliNews April 30, 2021

Real wages in Ukraine rose 9.5% y/y in March, accelerating from 7.6% y/y growth in February, the State Statistics Service reported.

Russia’s real incomes fall in 1Q21

bne IntelliNews April 30, 2021

Both real incomes and real disposable incomes were down in the first quarter of this year

North Macedonia’s industrial production turns to growth in March

bne IntelliNews April 29, 2021

Industrial production increased in the key manufacturing sector and in utilities, while the decline in mining output narrowed.

Watcom shopping index up 267% y/y in April as the pandemic low base effect kicks in

bne IntelliNews April 28, 2021

The index is measuring against the first weeks of last year’s pandemic lockdown.

Subdued recovery expected in Western Balkans after pandemic ended a decade of progress

bne IntelliNews April 28, 2021

The Western Balkans countries can expect only moderate growth between 2021 and 2023 as the damage caused by coronavirus pandemic will continue to depress investments and employment, a World Bank report warned.

Even Russians protesting against Putin support the annexation of Crimea

bne IntelliNews April 27, 2021

The overwhelming majority of Russians (86%) consistently support the annexation of Crimea by Russia in 2014, even if they oppose Russian President Vladimir Putin, according to a recent poll by independent pollster the Levada Center.

Slovenia’s sentiment indicator increased slightly m/m in April

bne IntelliNews April 24, 2021

Sentiment indicator was 0.5 pp above the long-term average in April, pushed up by confidence indicators for retail trade, services and construction.