Analysts say that the PMI is currently reflecting the manufacturing sector’s problems in meeting demand but the problems appear to be temporary.
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 50.4 in April, down slightly from 51.1 in March, to signal the slowest improvement in operating conditions in the last four months.
Spirits in Russia are picking up as both Rosstat’s business and consumer confidence surveys delivered very positive results.
Despite the faster than expected growth, analysts remain confident that the central bank will keep its ultra-dovish policy until mid-2022 at least.
The Central Bank of Russia (CBR) has released the results of a survey on inflation expectations conducted in early April that show consumers' expectations for inflation have “gone through the roof”.
Slovenia’s consumer price index (CPI) went up by an annual 2.1% in April, accelerating from the slim 0.1% increase a month earlier.
March 2020 was the first month in which retail trade was dramatically affected by the coronavirus pandemic.
Real wages in Ukraine rose 9.5% y/y in March, accelerating from 7.6% y/y growth in February, the State Statistics Service reported.
Both real incomes and real disposable incomes were down in the first quarter of this year
Industrial production increased in the key manufacturing sector and in utilities, while the decline in mining output narrowed.
The index is measuring against the first weeks of last year’s pandemic lockdown.
The Western Balkans countries can expect only moderate growth between 2021 and 2023 as the damage caused by coronavirus pandemic will continue to depress investments and employment, a World Bank report warned.
The overwhelming majority of Russians (86%) consistently support the annexation of Crimea by Russia in 2014, even if they oppose Russian President Vladimir Putin, according to a recent poll by independent pollster the Levada Center.
Sentiment indicator was 0.5 pp above the long-term average in April, pushed up by confidence indicators for retail trade, services and construction.
The Central Bank of Russia (CBR) opted for a "golden mean" interest rate hike on April 23 by more than expected, increasing the rate by 50bp to 5%, its second hike of the year on the back of rising inflation and geopolitical worries.
After two months of declines, industrial production grew in March, recording a 2.1% increase, the State Statistics Service report on April 21.
Ukrainian retail sales increased 7.5% y/y in the first quarter of 2021 accelerating from a 4.6%% y/y growth in 2M21, Ukraine’s State Statistics Service reported on April 20. In March, retail sales advanced 11.8% y/y or 13.1% m/m.
Once again, export-oriented branches of Poland’s industrial segment fared the best in March.
Slovakia's death toll increased by 65% compared to the average level between 2016 and 2019, while Czechia posted a 40% growth in excess mortality amid severe wave of the coronavirus pandemic.
Producer prices increase on back of weak zloty, supply chain problems and rising commodity prices.