Data
World Bank forecasts Georgian economy to grow by 5.5% in 2022, 5% in 2023
The Georgian economy is projected to grow 5.5% in 2022 and 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says.
Hungary’s automotive industry becomes less of a drag on industrial growth in November
Analysts expect the chip shortage to ease in H2, which could trigger a sharp rebound in industrial output.
Czech inflation rate up to 6.6% in December
Central bank predicts consumer price growth will be around 9% in January.
ING: Russia boosts FX purchases with taxation changes
Russia’s foreign exchange purchases will increase from $6.8bn in December to $7.9bn in January, mostly due to higher taxation.
Headline inflation hits 13.9% y/y and is still far from peak in Moldova
Anticipated hikes in electricity prices are set to drive inflation up further.
Ukraine consumer inflation hits 10% in 2021
Ukraine consumer inflation hits 10% in 2021
Slovak industrial output exceeds pre-pandemic level in November
Following two months of decline, #Slovakia's industrial production went up again, by 4.3% year-on-year in November.
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Russian oil production up on last year in December, gas production in 2021 breaks multi-year highs
CDU TEK has published Russia’s oil and gas production statistics for December 2021 that show oil output was well up on 2020 but still lagging well behind production in 2018 and 2019. The results also show that Russia produced record gas volumes.
Retail sales stagnate in Romania as higher prices erode households’ incomes
Romania’s retail sales increased by 5.0% y/y in November, but detailed, seasonally-adjusted data and filtering out base effects reveals sales have stagnated since May 2021.
Czech industrial output increases by 1.6% y/y in November
Month-on-month, industrial output increased by 4.9% in November.
Hungary’s industry shows strength in November even as chip shortage still weighs
The output of the automotive sector, which has the biggest weight in manufacturing in Hungary, fell considerably as companies scaled back production because of the global chip shortage.
Poland’s CPI surges 8.6% y/y in December, the highest rate since November 2000
Inflation surge expected to prompt another central bank rate rise.
Bulgaria’s population shrinks to historically low 6.5mn
Preliminary census results show Bulgaria's population declined by 11.5% compared to 2011 due to a combination of emigration and natural decrease.
North Macedonia’s FX reserves increase 8.4% y/y, up 2% m/m at end-December
Annual increase accelerated from the 6% y/y rise the previous month.
Industrial price inflation hits 32% y/y in Romania after energy prices double
Energy prices nearly doubled and this inflationary shock is spreading across the economy, eventually having an impact on consumer prices.
Romania’s forex reserves up on Resilience Facility money
The increase in December was due to robust forex inflows of over €5bn, which included the €1.85bn first tranche granted by the European Commission under the Resilience Facility.
Russia’s PMI treading water in December at 50.2 on mildly expanding manufacturing, but contracting services
New business continued to contract as the year came to an end. The fall in new orders was the second-fastest in over a year as client demand was weighed down by COVID-19 restrictions – particularly in the service sector.
Inflation in Georgia peaks at 13.9% y/y in December
Core inflation, however, eased to 5.9% y/y from 6.1% y/y in November.
Poland’s PMI shows increased activity in industrial sector in December
The index has now remained above the 50-point line separating contraction from growth for 18 months straight, despite shortages in supply chains and elevated cost pressure.
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Russia’s reserves ended 2021 at an all-time high of $630.5bn
Russia’s gross international reserves ended 2021 at an all-time high of $630.5bn, reports the Central Bank of Russia.
