Data
Slovenia’s economy expands by 2.5% in 2Q19
Both imports and exports rose sharply in Q2 with a particularly strong growth in imports causing the trade balance to deteriorate.
Service sector and construction lift Hungary’s Q2 GDP
The figure was the highest among EU members and well above the 4.7% median estimate.
Estonian GDP growth slows down to 3.6% y/y in Q2
The economic expansion in the second quarter arrived on the back of investment growing 24.6% y/y, 4.2pp above the annual rate of investment growth in the previous three months.
Polish CPI eases expansion to 2.8% y/y in August, flash estimate shows
August was the first month to see inflation weaken after half a year of gradual acceleration.
Latvian GDP growth slows down to 2% y/y in Q2
The slowdown is in line with forecasts of deceleration in 2019, as investment growth is set to weaken and trade conditions are deteriorating.
Lithuanian retail sales ease growth rate to 4.8% y/y in July
An improving labour market and growing incomes remain drivers of retail turnover in Lithuania.
Croatia’s GDP growth slows to 2.4% y/y in 2Q19
Despite the slowdown, 2Q19 saw the continuation of steady growth that Croatia has achieved for 20 quarters in a row now.
Moscow summer rains send shoppers indoors
Muscovites suffered the coldest summer on record this year, which drove them indoors to the malls to escape the rains.
Albania’s net power generation plunges 53% y/y in 2Q19
Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.
Europe still has East-West divide in waste generation
Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.
New loans to Romanian households down 3.6% y/y in Q2
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.
Polish retail sales accelerate growth to 5.7% y/y in July
While below market expectations, the expansion in July is in line with Poles’ increased consumer spending that is driven by the good situation on the labour market, low unemployment and growing wages in particular.
Poland’s industrial production rebounds in July
The July growth follows a decline in June – the first in three years – that was due to fewer working days and surging temperatures. The July data suggest “stable GDP growth in the third quarter,” according to ING.
Romanian banks’ profits roughly halve y/y in Q2
In Q2, banks' aggregated profit plunged by 48% y/y €202mn deteriorating compared to both last year and the first quarter.
Turkey completes August domestic debt auctions, raises TRY8.4bn at lower costs
Rollover ratio registers at 95% compared to 73% target.
Romanian blue chips boast 22.7% average profit margin in H1
The BET index has gained over 22% since the beginning of this year while the BET-TR index, which also includes the dividends paid by BET companies, recorded a return of 33%.