Rising inflationary pressure seen as unlikely to lead to tighter monetary policy.
Indicator inches up m/m as current order volume and future expectations improve slightly.
The reading shows Poland’s economy taking a dip again after recovering in the third quarter after the spring COVID-19 lockdown.
Romania's industrial production index posts positive growth for only the second time since May 2019.
Economy shrank during the strict spring 2020 lockdown, while the government had to hike spending to support the economy and rebuild after the 2019 earthquake.
The board of the Central Bank of Russia resolved to keep the key interest rate unchanged at 4.25% at the first policy meeting of 2021 held on February 12. This makes it the fourth time in a row that the CBR has kept the rate flat.
Production was affected the coronavirus pandemic and the tough restrictions imposed by the government to contain the spread of the virus.
Economists at the International Monetary Fund (IMF) say that the Central Bank of Russia (CBR) has room to cut 50bp off interest rates to boost growth in the coming months despite surging inflation.
The COVID-19 (coronavirus) pandemic-induced recession in Poland is one of the “mildest in the world,” the Polish Prime minister Mateusz Morawiecki said on February 9.
1.3% rise in exports in 4Q20 wasn't strong enough to offset the sharp contraction of exports during the lockdown.
Outlook for the job market and for further wage growth is improving following weeks of near-complete lockdown.
Investment strategies of Bulgarian companies have been substantially affected by the COVID-19 pandemic with 46% of them investing less than planned, an EIB survey shows.