Eastern Europe / Data
Russia’s Watcom shopping index down again in November but stabilising
Russia’s Watcom shopping index continued to slide in early November. Although lower than at any time since the survey's launch in 2014, its decline rate is slowing. The fall was less than feared and the levels of foot traffic seem to be stabilising
Coronacrisis to get worse before it gets better forecasts wiiw
Most of CEE is heading for a double-dip recession this year as the latest wave of the crisis will result in fresh contractions in 4Q20, say wiiw economists.
Russia's GDP decline moderates to 3.6% in 3Q20
Russia's GDP declined by 3.6% year on year in 3Q20, marking a notable improvement after an 8% y/y fall in GDP seen in 2Q20.
Ukrainian President Zelenskiy would win a presidential election tomorrow, but his SOTP would come in third
The ruling Servant of the People (SOTP) would come in third if parliamentary elections were held this Sunday but Ukrainian President Volodymyr Zelenskiy would still win the presidency, albeit with only 33%, according to a poll by KIIS
Russia’s Watcom shopping index continues to slide as coronavirus second wave gathers momentum
Russia’s Watcom shopping index continued to slide in the last weeks of October and first week of November after almost recovering over the summer as the second wave of the coronavirus (COVID-19) pandemic in Russia gathers pace.
Belarusian reserve assets up 2.2% in October to $7.5bn
Belarus' international reserve assets totalled $7,485.6mn as of 1 November 2020, according to the preliminary data of the National Bank of the Republic of Belarus.
Ukraine estimates Q3 GDP decline at 3.6%
In the third quarter of 2020, Ukraine's GDP declined by 3.6%, and the figure for the January-September period amounted to 5.5%, the Ministry for Development of Economy, Trade and Agriculture announced on November 5.
Russia’s October services PMI records sharpest decline in business activity since the start of the pandemic
The unexpected economic slowdown that started at the end of September delivered another surprise after IHS Markit reported the biggest drop in the Russia Services Business Activity PMI Index, which tumbled from 53.7 to 46.9 in October.
Russia’s manufacturing PMI sinks for the second month in a row as economy continues to slow
The slowdown that started in September slowed some more in October as the IHS Markit Russia Manufacturing PMI dropped again to 46.9 at the start of the fourth quarter, from 48.9 in September.
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Ukrainian companies booked $3bn of losses in the first half of 2020
Corporate profits in Ukraine were doing well in 2019 and the large and medium-sized enterprises reported exceptionally good fourth-quarter takings, but as the economic shocks struck this year those earnings have turned into losses.
The coronacrisis has cost Russian companies $47bn rubles in lost profits this year
The coronacrisis has cost Russian companies RUB3.8 trillion ($47bn) in lost profits this year as of August this year, according to the latest data available.