Russian car market keeps declining in June, no growth seen in 2019

bne IntelliNews July 4, 2019

Sales of new passenger cars and light commercial vehicles (LCVs) in Russia again in June, falling by 3.3% to 0.151mn units, the latest report by AEB Automobile Manufacturers Committee (AEB AMC) shows. In January-June overall the market declined by 2.

Georgia’s inflation eases to 4.3% y/y in June as food prices moderate

bne IntelliNews July 4, 2019

Although preliminary data indicates increased economic growth in Georgia, demand side pressure on inflation remains weak, the central bank said recently.

Lack of new business pulled down Russia's services and manufacturing PMIs in June

Ben Aris in Berlin July 3, 2019

The lack of new business has pulled all three of Russia's PMI indices down into the red, although the falls are not dramatic.

Russia real estate investment volumes up by a quarter to $1.6bn in 1H2019

bne IntelliNews July 3, 2019

Closure of several large transactions pushed up the investment volume in 1H19, while increased stability in the financial markets and the CBR easing monetary policy also boosted the sector, says a report from JLL.

Estonian industrial production returns to growth in May

bne IntelliNews July 2, 2019

The reading marks a return to expansion in Estonia’s industrial output after April’s dent ended a 33-month series of uninterrupted growth.

Poland’s PMI falls to a four-month low in June

Wojciech Kosc in Warsaw July 1, 2019

The indicator’s fall attests to the continuing deterioration of business conditions at Polish manufacturers, said IHS Markit which compiles the index — though industrial growth remained strong at the start of the year.

Czech PMI plunges to its lowest level in the last 10 years

bne IntelliNews July 1, 2019

The Czech IHS Manufacturing Purchasing Managers Index plunged to its lowest level since July 2009, posting 45.9 in June, down from 46.6 in May

Russia’s manufacturing PMI falls to lowest level in a year in June

bne IntelliNews July 1, 2019

The seasonally adjusted IHS Markit Russia Manufacturing Purchasing Managers’ Index fell to 48.6 in June, down from 49.8 in May, signalling a slight deterioration in the health of the Russian manufacturing sector.

Russia’s fixed investments declined in annual terms for the fourth month in a row in May 2019

bne IntelliNews June 30, 2019

Failure to keep to the spending plan for the $390bn investments planned for the 12 national projects is believed to be the main reason for the fall in fixed investment.

Non-residents share in Ukraine's domestic bond market tops 7% and is still growing

Ben Aris in Berlin June 30, 2019

The hook-up of Ukraine’s bond market to the Clearstream international payments and settlements system is turning out to be a stunning success.

Estonian retail sales ease growth rate to 2% y/y in May

bne IntelliNews June 28, 2019

Sharp slowdown in growth since April, but consumption is expected to be an important driver of economic growth in 2019, as it was last year.

Hungarian unemployment rate at 3.4%, lowest level since independence

bne IntelliNews June 27, 2019

The unemployment rate in Hungary fell to 3.4% in March-May, its lowest level since independence

Turkish lender Yapi Kredi sells TRY917mn NPL portfolio for TRY26mn

Akin Nazli in Belgrade June 27, 2019

Analysts see Turkey’s credit growth remaining weak holding back economic recovery.

Russia's inflation gets closer to 5% mark

bne IntelliNews June 27, 2019

Russian consumer prices increased by 0.1% week-on-week in the week of June 24, following three weeks of zero weekly inflation in a row. Since the beginning of the month inflation stood at 0.1%, Sberbank CIB estimated on June 27.

Ukraine's industrial output slows sharply to 1.6% y/y in May due to weak manufacturing

bne IntelliNews June 27, 2019

Ukraine's industrial output increased 1.6% y/y in May, slowing from 5.2% y/y in April, due to weaker growth in manufacturing, the State Statistics Service reports

Polish retail sales ease y/y growth in May after Easter surge

bne IntelliNews June 24, 2019

The slowdown was expected after sales spiked the previous month because of Easter but still is in line with Polish households’ general inclination towards increased consumption.

Belarus reports 1% y/y GDP growth in January-May

bne IntelliNews June 24, 2019

The Belarusian economy grew by 1% year-on-year in January-May following a 1.4% y/y growth in January-April, according to national statistics agency Belstat.

Polish industrial production eases growth rate to still solid 7.7% y/y in May

bne IntelliNews June 24, 2019

The headline figure is 1.5pp below the unadjusted figure recorded the preceding month but still attests to the Polish industrial sector’s stubbornness to give in to negative trends in the external environment.