The central bank expects consumer prices to increase further based on expected movements in import prices.
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.
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 index increased by 12.0% y/y in June.
Month-on-month, the unemployment rate fell 0.1pp.
Arguments in favour of a rate hike have accumulated.
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.
Coronavirus cases are, however, again on the rise. Analysts fear growth plans could once more be hindered.
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 increased by 4.6% y/y in H1 2021, with growth accelerating to 10.1% in the second quarter.
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.
Retail sales have been growing for most of this year as coronavirus restrictions are gradually lifted.
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.
The total profit for 1H21 reached RUB1.2 trillion, helped by strong retail lending.
Investment bank Renaissance Capital says central banks in the region have been more hawkish than expected, following a series of rate hikes.
Economy minister says growth could be as high as 10% this year, but analysts warn this can only be achieved with major investments.
Arrivals from neighbouring countries shot up when Albania eased restrictions.
National Recovery and Sustainability Plan projects, together with higher exports and domestic consumption to drive recovery in Bulgaria.