Data
Serbia’s retail trade up by real 7.7% y/y in September
Serbia has seen steady growth in retail sales since the government lifted lockdown in May.
Serbia’s GDP down 1.3% y/y in 3Q20, flash estimate shows
Serbia is expected to go into recession this year due to the coronavirus pandemic, with the economy seen falling by up to 3.5%.
Manufacturing PMI shows Kazakh operating conditions easing in October after September rebound
Index reading seen as showing a "notable bump in the road in the recovery" of Kazakhstan's manufacturing sector.
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October PMI ‘indicates Turkish industrial production set to fall only 0.8% this year’
Forecast comes despite collapse in output earlier in year due to coronavirus crisis. Positive picture in spite of ongoing lira weakness “which is causing inflationary pressures to build”.
Russia’s manufacturing PMI sinks for the second month in a row as economy continues to slow
The slowdown that started in September slowed some more in October as the IHS Markit Russia Manufacturing PMI dropped again to 46.9 at the start of the fourth quarter, from 48.9 in September.
Consumer prices fell y/y, rose m/m in October in Slovenia
The annual fall in prices was driven by goods prices, in particular fuel prices.
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Ukrainian companies booked $3bn of losses in the first half of 2020
Corporate profits in Ukraine were doing well in 2019 and the large and medium-sized enterprises reported exceptionally good fourth-quarter takings, but as the economic shocks struck this year those earnings have turned into losses.
Estonia's retail turnover up 6% y/y in September
Turnover rose strongly in specialised stores selling computers and their accessories, books, sports equipment, games, toys, flowers and other items.
Latvia’s retail trade turnover grew by 5.9% y/y in September 2020
Biggest increase was in automotive fuel sales, up by 13.4%.
Latvia’s 3Q20 GDP fell by 3.1% y/y
GDP down in annual terms but increased by 6.6% on second quarter as economy started post-lockdown recovery.
The coronacrisis has cost Russian companies $47bn rubles in lost profits this year
The coronacrisis has cost Russian companies RUB3.8 trillion ($47bn) in lost profits this year as of August this year, according to the latest data available.
Growing number of governments consider second lockdowns to tackle autumn COVID-19 wave
New coronavirus infections continued to rise alarmingly in Central and Southeast Europe as the centre of the pandemic shifts back to Europe.