Data
Kazakh annual CPI inflation at 8.7% in August
Price growth driven by annual food inflation, which stood at 11.4%.
Romania’s retail sales remain at record high in July
Consumption has already returned to pre-crisis growth rates and is not far from where it would have been in the absence of the COVID-19 crisis.
Slovakia's GDP grew by more than 9% in 2Q21, statistics office confirmed
In quarter-on-quarter terms, GDP reached 2% growth.
Russian inflation expectations remained a very high 12.5% in August
Russian inflation expectations remained very high in August, according to the latest the Public Opinion Foundation (FOM) report commissioned by the Central Bank of Russia (CBR) and released in August.
Russia’s Watcom shopping index returns to normal, but inflation concerns remain elevated
The Watcom Shopping index that measures foot traffic in Moscow’s leading malls in real time has returned to normal as Russia’s economy finds a new equilibrium following last year’s crisis. However, soaring prices remain a big concern.
Ukraine's international reserves exceed $30bn, adequate under IMF criterion
Ukraine's international reserves exceed $30bn, adequate under IMF criterion.
North Macedonia’s jobless rate falls to 15.9% in 2Q21
The jobless rate has been constantly falling in the last few years, but the pace slowed in 2020 due to the coronavirus pandemic.
Russia’s services PMI goes back into the red with 49.3 in a mild bounce-back overshoot correction
Russia’s economy boomed as the coronacrisis started come to an end in the last quarter of 2020 – a process that is not over. What is happening now is a mild correction from a bounce-back overshoot as a new economic balance is established.
Russia banks its SDR allocation, reserves jump to new all-time high of $615bn
Russia has banked its allocation of Special Drawing Rights (SDR) issued by the International Monetary Fund, lifting its international reserves by $20bn to a new all-time high of $615.6bn as of August 27, the Central Bank of Russia reports.
Industrial prices keep rising fast in Romania in July
Figures suggests higher energy prices have not yet passed through to consumer prices so further supply-side inflationary pressures are expected.
Turkey posts 2Q GDP surge of 22% but quality of growth fears remain
Apart from disquiet at reliability of data, observers worry expansion has been bought at cost of a weaker currency and higher inflation.
PMI manufacturing survey shows business conditions in Turkey strengthened for third straight month
Report also shows supply chain disruption continued in August, contributing to further rises in input costs and selling prices.
Ukraine’s current account deficit swells to $293mn in July from -$31mn in June
Ukraine’s current account deficit amounted to $293mn in July, enlarging from a $31mn deficit (revised from a previously reported surplus of $295mn) in the previous month mostly due to a deteriorated trade balance.
Russia’s manufacturing PMI contracts to 46.5 in August as bounce-back effects fade, but businesses retain optimistic outlook
Russia’s seasonally adjusted IHS Markit Russia Manufacturing PMI index posted 46.5 in August, down from 47.5 in July, the third successive monthly deterioration in operating conditions across the Russian manufacturing sector.
Serbia’s GDP increased by 13.7% y/y in Q2
Serbia’s economy weathered the coronacrisis well, dipping by only 6.3% in Q2 2020 and returning to year-on-year growth in the first quarter of this year.
Poland’s CPI growth picks up to 5.4% y/y, according to flash estimate
The flash reading puts Poland’s inflation at a 20-year high, adding ever more political heat to the debate about whether the central bank should raise rates.
Poland’s GDP growth adjusted upward to 11% y/y in Q2
The reading is an upward revision of 0.3pp versus the flash estimate, and shows that Poland has well and truly shaken off the pandemic-induced recession.
Czech GDP up by 8.2% y/y in 2Q21
Quarter-on-quarter, Czech GDP increased by 1% in 2Q21, mainly due to a growth in final consumption of households and in gross fixed capital formation.
Slovenia’s GDP jumps 16.3% y/y in 2Q21 boosted by strong growth in manufacturing sector
Economic activity in the second quarter approached the pre-crisis level, as the COVID-19 epidemic subsided, but a new wave of infections has since grown.
Slovenia’s inflation speeds up slightly to 2.1% y/y in August
Slovenia’s consumer price growth accelerated despite lower food prices reported in August.
