Data
North Macedonia’s annual inflation speeds up to 3.4% in July
The central bank expects consumer prices to increase further based on expected movements in import prices.
Slovenia’s 6-month trade surplus declined sharply y/y to €210.6mn
Slovenia’s trade surplus declined to €210.6mn in the first six months of 2021, from €829.1mn in the same period a year earlier.
Hungary’s industrial production flat in June despite global chip shortage
All branches of manufacturing contributed to the increase, but growth slowed significantly in the vehicle segment, which has the largest weighting.
Romania’s retail sales rise by 5.8% q/q in Q2
Romania’s retail sales index increased by 12.0% y/y in June.
Poland’s unemployment rate falls 0.3pp y/y to 5.8% in July, government estimates
Month-on-month, the unemployment rate fell 0.1pp.
Chunky inflation growth takes Georgia’s headline rate to 11.9% y/y in July
Arguments in favour of a rate hike have accumulated.
Watcom shopping index almost back to normal in July
The Russian Watcom shopping index that measures foot traffic in Moscow’s leading shopping malls is almost back to normal as the effects of last year’s lockdown work their way through the results.
Turkey’s manufacturing PMI hits six month high in July as virus brake removed
Coronavirus cases are, however, again on the rise. Analysts fear growth plans could once more be hindered.
PMI: Russian manufacturing sees dive in demand in July
Russia’s manufacturing sector saw a deterioration of operating conditions in July 2021, seeing a fall in production and a steeper decline in new orders, and overall weak client demand, latest PMI report by IHS Markit shows.
Russia's GDP catches up with pre-COVID level
Russia's GDP increased by 4.6% y/y in H1 2021, with growth accelerating to 10.1% in the second quarter.
Heatwave pushes up spot electricity prices in Southeast Europe
Prices elevated by a combination of demand for electricity for cooling and an outage at one of the reactors of Romania’s nuclear power plant.
Annual growth of Slovenia’s retail sales slowed to 12.8% y/y in June
Retail sales have been growing for most of this year as coronavirus restrictions are gradually lifted.
73.8% of Montenegrins want their country to join the EU
Nearly half of survey respondents pointed to the better quality of life and higher living standards as the main benefits of membership of the EU.
Russian banks maintain recovery, double profit in 1H21
The total profit for 1H21 reached RUB1.2 trillion, helped by strong retail lending.
RenCap raises year-end interest rate forecasts for Ukraine, Belarus and Armenia
Investment bank Renaissance Capital says central banks in the region have been more hawkish than expected, following a series of rate hikes.
Kosovo expects GDP growth to exceed projected 7.9% this year
Economy minister says growth could be as high as 10% this year, but analysts warn this can only be achieved with major investments.
Surge in arrivals from Kosovo pushes Albanian tourist arrivals to pre-pandemic level
Arrivals from neighbouring countries shot up when Albania eased restrictions.
Bulgaria’s central bank revises up 2021 economic growth forecast to 4.1%
National Recovery and Sustainability Plan projects, together with higher exports and domestic consumption to drive recovery in Bulgaria.
