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 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).
Preliminary statistics office figure in line with forecasts from international financial institutions that have projected Bulgaria’s GDP growth above 3% in 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 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.
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.
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.
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.
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.
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.
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 are back in profit and having their best year in the last four years as they put the recession behind them.
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.
Growth rebounded in July after a contraction the previous month, and only modest growth since the start of this year.
The decline follows a fall of 3.8% y/y the preceding month, pointing to a slowdown in economic growth in 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.
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.
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 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.