Data
Kazakhstan’s service sector sees strongest activity downturn in 15 months, PMI shows
Growth in new work eases further in November.
Iran’s rial plunges to record low as dollar breaks 1.2mn mark
According to domestic financial outlets, the dollar traded at IRR 1,206,600, marking a 1.4% daily jump, while the UAE dirham crossed the IRR 330,000 threshold for the first time on record
Turkey posts official November monthly inflation at below 1%
Another eyebrow-raiser from stats body TUIK.
Russia's services sector PMI expands in November despite muted private sector growth
Russia’s services economy registered a modest expansion in November, according to new survey data from S&P Global, even as the broader private sector showed signs of stagnation.
Turkey’s CDS fall to pre-2018 crisis levels
"Orthodox" economic managers have ensured the finance industry is provided with an attractive real return.
Russia turns to gold reserves as sanctions squeeze deepens
Russia has begun to sell off its strategic gold reserves to offset the growing budget deficit brought on by Western sanctions, falling oil prices and economic problems that are getting worse, according to Kyrylo Shevchenko, former Governor of the Nat
Germany retains top spot in Europe real GDP gains, but momentum fading
Germany may be the sick man of Europe, but the industrial powerhouse is still top dog in terms of gains in real GDP growth for now. But not for long. A three-year long recession is eating into the big lead, Germany built up before the war in Ukraine
Russia-EU trade turnover falls to historic low as sanctions bite
Trade between Russia and the European Union has plummeted to its lowest level on record, as sanctions, energy decoupling, and sanctions bite, Izvestiya reported on December 2.
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Japanese firms record impressive pre-tax profit in July-September quarter
Japanese companies delivered a robust performance in the July–September quarter, recording a near-20% rise in pre-tax profits as expanding investment in artificial intelligence and related infrastructure continued to bolster corporate earnings.
Fitch Solutions trims Azerbaijan growth outlook, expects manat to remain stable through 2026
Downwards revision based on continued dependence on the oil and gas sector despite diversification measures.
PMI data “provide hope” Turkish manufacturing will see better fortunes at turn of year
Though it brought another contraction, November was best month since February, S&P says.
Czech PMI inches upward to 48 in November amid uptick in new export orders
Czechia’s Manufacturing PMI compiled monthly by the market intelligence company S&P Global Market Intelligence posted 48 in November, which is slightly up on 47.2 posted in October, but still below the 50 no-change mark.
Headline inflation in Uzbekistan slows to 7.5% in November
Rate was 10% a year ago. Year-end forecast is for 8%.
Poland’s PMI creeps close to expansion territory in November
Poland's Purchasing Managers' Index (PMI) rose to 49.1 in November from 48.8 the preceding month, marking the highest reading since May, though still below the 50-point mark that separates expansion from contraction, S&P Global said.
Turkey releases official GDP growth for 3Q at 3.7% y/y
1Q and 2Q outcomes revised up.
Eurozone manufacturing PMI stagnates in November, Italy and Spain outperform Germany and France
The Eurozone’s manufacturing sector saw little change in November, with final Purchasing Managers’ Index (PMI) data pointing to continued stagnation across the bloc’s industrial base, Oxford Economics reported on November 28.
Russian manufacturing contracts for sixth straight month to 48.3 in November as output drops sharply
Russia’s manufacturing sector continued to contract in November, marking the sixth consecutive month of decline, as output levels fell at the fastest pace since April 2022 and new orders continued to weaken, S&P Global reported on November 28.
Weak currency hides South Korea’s domestic GDP expansion, IMF warns
The Republic of Korea’s Gross Domestic Product (GDP) is anticipated to increase by 2.1% this year when measured in the national currency, the won.
South Korean government declares emergency over Coupang cyber attack
The South Korean government convened an extraordinary ministerial summit on November 30, a public holiday, to address the extensive security breach at the e-commerce firm, Coupang.
Russia corporate debt burden risks rise, 17 leading companies in trouble
Russia’s corporate debt crisis is rising faster than expected, with the number of leading companies that represent two fifths of GDP in increased danger of going bankrupt, according to the Central Bank of Russia (CBR).