Construction pushes Romania’s GDP up 4.4% y/y in Q2

Iulian Ernst in Bucharest September 9, 2019

The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.

Russia's car and LCV sales declined again in August by 1.3%

bne IntelliNews September 7, 2019

Russia's car and LCV sales declined 1.3% y/y to 145,545 units in August, so 8mo19 sales fell 2.3% to 1.1mn, according to the latest data by the Association of European Businesses (AEB).

Bulgaria’s GDP expands 3.5% in 1219

bne IntelliNews September 7, 2019

Preliminary statistics office figure in line with forecasts from international financial institutions that have projected Bulgaria’s GDP growth above 3% in 2019.

CEE monthly bond market wrap: issues halt as summer doldrums hit

Ben Aris in Berlin September 5, 2019

Bond markets are always slow in the summer, but with Russia and Turkey, two of the biggest markets in the region, in turmoil over the summer, there were almost no bond issues at all this year.

Croatia records EU’s sharpest m/m decline in retail trade in July

bne IntelliNews September 5, 2019

Croatia recorded the sharpest month-on-month decline in retail trade turnover across the EU in July compared to the previous month, a new report from Eurostat said.

Russia's CBR is expected to cut key rate to 7% on September 6

bne IntelliNews September 5, 2019

The board of the Central Bank of Russia (CBR) is expected to cut the key interest rate for the third time in a row at its upcoming policy meeting on September 6.

Slovenian central bank expects slowdown in GDP growth in 2019

bne IntelliNews September 4, 2019

Lack of improvement externally coupled with declining confidence in domestic economy mean economic growth is expected to remain subdued this year, the Bank of Slovenia said.

Polish PMI rises to three-month high in August

bne IntelliNews September 4, 2019

The indicator’s growth attests to the easing of the overall pace at which business conditions deteriorated in August, reflected in slower declines in output, new orders and employment, IHS Markit said.

Russia’s services PMI bounced back in August from just treading water in July

Ben Aris in Berlin September 4, 2019

Upturn in the services PMI lifted Russia's composite index result, but while the positive results are welcome, the poor performance of manufacturing highlights the weakness of Russia’s growth this year.

Latvian industrial production contracts in July

bne IntelliNews September 4, 2019

The reading marks a return to falling output after two months of growth offered hope for more sustained performance of the Latvian industry after erratic 2018 and early 2019.

TURKEY INSIGHT: Latest official Turkish inflation rate set to pave way for another chunky rate cut, data doubters be damned

Akin Nazli in Belgrade September 3, 2019

Extent of disinflation raises eyebrows. Opposition says national statistics agency “should do the nation a favour and announce the addresses of where it takes the prices from”.

Russian companies put in yet another month of strong profits in June

Ben Aris in Berlin September 3, 2019

Russian companies are back in profit and having their best year in the last four years as they put the recession behind them.

Czech PMI slightly up again, new orders at lowest level in ten years

Nelly Tomchikova in Prague September 3, 2019

Czech August IHS Manufacturing Purchasing Managers Index (PMI) finally increased after months of deterioration to 44.9 points, the lowest level in a decade, up from 43.1 in July, according to IHS Markit.

Croatia's industrial production increases 3.0% y/y in July

bne IntelliNews September 3, 2019

Growth rebounded in July after a contraction the previous month, and only modest growth since the start of this year.

Estonian industrial production contracts 5.3% y/y in July

bne IntelliNews September 3, 2019

The decline follows a fall of 3.8% y/y the preceding month, pointing to a slowdown in economic growth in 2019.

Russia’s PMI manufacturing index contracted again in August, but producers remain optimistic

Ben Aris in Berlin September 2, 2019

Russia’s manufacturing sector slowed again in August, according to the IHS Markit Russia Manufacturing Purchasing Index, which dropped to 49.1 in August, down from 49.3 a month earlier.

Slovenia’s consumer price growth accelerates to 2.3% y/y in August

bne IntelliNews September 2, 2019

The greatest impact on annual inflation in August was from higher prices of goods and services in the housing, water, electricity, gas and other fuels sector.

Polish economic growth weakens in Q2 but remains solid

bne IntelliNews September 2, 2019

Domestic demand drove the headline result in April-June, accelerating its growth pace to 4.8% y/y versus 4.2% y/y in the first quarter, while investment growth weakened.

Czech economy slows down to 2.7% in 2Q19, below expectations

bne IntelliNews September 2, 2019

Czech gross domestic product grew by 2.7% year-on-year in 2Q19, up by 0.7% quarter-on-quarter, mostly due to growth of domestic demand, according to the refined estimate by the Czech Statistical Office (CSO) published on August 30.