Czech unemployment rate dropped to 2.7% in April from 3% in March, at its lowest level since June 1997, due to the continuing start of seasonal work, according to data by the Labour Office published on May 10.
The foreign exchange reserves of Belarus increased by $322.7mn, or 4.5% month-on-month, to $7.6bn in April following a 2.1% m/m growth in March, the National Bank of Belarus (NBB) said in a statement on May 4.
The Czech IHS Manufacturing Purchasing Managers Index (PMI) dropped further to its lowest level since December 2012, to 46.6 in April from 47.3 in March, driven by a strong decline in client demand
The Czech National Bank (CNB) increased the two-week repo rate by 25 base points to 2% from 1.75%, the highest level since February 2009.
Ukraine's international reserves decreased by 0.5% month-on-month to $20.5bn in April following a 2.1% m/m growth in March, the National Bank of Ukraine (NBU).
SMEs are under-represented in international trade and their contribution to value added remains low, the latest SME Policy Index finds.
Romania's average retail sales index was up 8.4% y/y in 1Q19, the highest annual growth rate in the past five quarters and no surprise after the net average wage rose by 14% y/y in January-February.
Russia's services sector posted a notable slowdown in April, as the May 6 report by IHS Markit showed the softest rise in services output since June 2018, while the rate of new business growth slowed down to a ten-month low.
The decline in Russian crude output continued to be driven by the production cuts at integrated oil companies under the OPEC+ agreement. The exception was Gazprom Neft, which increased crude output 3.3% m/m.
Non-resident investment flows into emerging markets equity was up in April to $38bn in April, except Russia which saw $2.8bn of outflows as sanctions fears reappear.
Russian manufacturers registered a moderate improvement in operating conditions in April on the back of growing production and a strong increase in client demand, but activity slowed from March’s strong result.
Czech capital Prague again posted the lowest unemployment rate in the European Union of 1.3% in 2018, followed by Czech South-West region, according to Eurostat data published on April 29.
Bankers warned that bond markets were “flashing red” after nearly a billion dollars left emerging market bonds in the last week, reports BCS Global Markets.
The CBR has been able to build up reserves thanks to the record high current account surplus that topped $115bn in 2018.
The various crises of recent years have caused a consolidation with the result that profits have become increasingly concentrated in the biggest companies and are growing.
The mood of the population in Russia improved in April as approval ratings rose mildly across the board, according to the latest political polls from independent pollster the Levada Center.
There was a wobble last autumn, but since the start of this year business has been cautiously optimistic about how the rest of the year will turn out.
As expected the Central Bank of Russia (CBR) kept rates on hold at 7.75%, but analysts say it will cut them at least once and maybe twice later this year
Russia’s external debt increase slightly in the first quarter, mainly due to the government’s debt to foreigners, Bank of Finland Institute for Economies in Transition (BOFIT) reports.