Eastern Europe / Data
Russia's car sales decline continues in November at 6.4%
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia continued its decline, decreasing by 6.4% in November 2019, according to the report by the AEB Automobile Manufacturers Committee.
Russia analysts caught off guard by sudden plunge of November manufacturing PMI
Analysts were caught off guard by the sudden plunge of Russia’s November manufacturing PMI result to 45.6, the lowest result in a decade, from an already low 47.2 in October.
Russia’s Manufacturing PMI tumbles to 45.6 in November, worst result in a decade
Russia’s IHS Markit Russia Manufacturing Purchasing Managers’ Index tumbled to 45.6 in November, down from 47.2 in October – the worst performance across the Russian manufacturing sector for over a decade.
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Ukraine's current account deficit shrinks to $0.7bn in October
Ukraine’s current account deficit shrank to $0.7bn in October from $1.1bn in September due to a positive switch in the primary income balance, the National Bank of Ukraine reported.
The foreign share in Russia's OFZ treasury bonds up to 32%
The foreign share of investors into the Russian Ministry of Finance ruble-denominated OFZ treasury bills reached 32% in November as foreign investors increased their holdings again to RUB2,837bn ($44.2bn) worth of the bonds.
Soaring hryvnia value causing problems for Ukraine
Ukraine’s hryvnia has gained 15% in value YTD and that is causing problems for the export orientated economy. The hryvnia passed the UAH24 to the dollar mark on November 27, a level it hasn't seen since 2015.
Ukraine industrial output stumbles in October, dropping 5% y/y
Ukraine's economy stumbled in October, after industrial output plummeted by 5.0% year-on-year after contracting by 1.1% y/y in September, the nation's state statistics service Ukrstat reported on November 22.
Ukraine retail sales grew by 10% y/y in January-October
Ukraine retail sales advanced 10.2% year-on-year in real terms in in January-October, accelerating from 9.8% y/y, the nation's state statistics service reported on November 20.
Russia's consumer demand is back after incomes tick up in October
After four years of stagnation consumer demand is finally back as a main driver of Russia’s economic growth. An uptick in real incomes in October has fed through to retail sales which expanded by 1.6% year-on-year.
World Bank revises upwards GDP growth forecast for Ukraine in 2019 from 3.4% y/y to 3.6% y/y
The World Bank has revised upwards its forecast for Ukraine's GDP growth in 2019 from 3.4% year-on-year to 3.6% y/y
Russia's industrial production dips to 2.6% in October
Russia’s industrial production rose by 2.6% y/y in October, which is down from the 3% y/y growth in the previous month, Rosstat reported on November 18.
Ukraine reports 4.2% y/y GDP growth in July-September
Ukraine's gross domestic product (GDP) grew by 4.2% year-on-year in July-September, which is higher that expected by the nation's central bank.
Russia’s economic growth accelerated to 1.7% in 3Q19 after a very slow first half of the year
Russia’s State Statistics Service published preliminary GDP estimates for 3Q19 that posted a 1.7% y/y growth in the quarter, up from 0.9% y/y in 2Q19 and only 0.5% in the first quarter.
Belarus reports 0.5% m/m inflation in October
Consumer prices in Belarus grew by 0.5% month-on-month and 3.9% y/y in October, according to the nation's statistics service Belstat.
Ukraine’s consumer prices rose 0.7% m/m and slowed to 6.5% y/y in October, driven by food prices
Ukraine’s consumer prices rose 0.7% m/m in October owing to growing prices for food, clothing and footwear, and alcohol and tobacco, the State Statistics Service reported. Annual inflation slowed to 6.5% y/y in October from 7.5% y/y in September.