Both imports and exports rose sharply in Q2 with a particularly strong growth in imports causing the trade balance to deteriorate.
The figure was the highest among EU members and well above the 4.7% median estimate.
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.
August was the first month to see inflation weaken after half a year of gradual acceleration.
The slowdown is in line with forecasts of deceleration in 2019, as investment growth is set to weaken and trade conditions are deteriorating.
An improving labour market and growing incomes remain drivers of retail turnover in Lithuania.
Despite the slowdown, 2Q19 saw the continuation of steady growth that Croatia has achieved for 20 quarters in a row now.
Muscovites suffered the coldest summer on record this year, which drove them indoors to the malls to escape the rains.
Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.
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.
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.
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.
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.
In Q2, banks' aggregated profit plunged by 48% y/y €202mn deteriorating compared to both last year and the first quarter.
Rollover ratio registers at 95% compared to 73% target.
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%.