Eurasia / Data
Kazakh manufacturing PMI shows further expansion in July
New orders expand “at near-record pace”.
Kazakh central bank raises policy rate to 14.5%
Regulator says inflation could exceed 13%-15% forecast for this year and only begin slowing in the first quarter of 2023.
Georgia’s banks post impressive 1H22 annualised return on equity
Revenues expand 17% y/y to GEL3.4bn while expenses move up 39% y/y to GEL 2.36bn.
Georgia’s exports went up by 25% y/y in June
But trade deficit widened by 19% y/y to $609mn in the month.
Emerging markets see $4bn of outflows in June as global recession fears grow
Pockets of weakness persist in emerging markets where real interest rates are deeply negative – and risks for those countries are rapidly mounting.
Kazakh manufacturing sector PMI signals further expansion in June amid sharp rise in new orders
Recovery continues after period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia
Kazakh manufacturing sector PMI registers growth following period of disruption due to Ukraine war
The Kazakh manufacturing sector signalled a return to growth in May following a period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia, according to the latest purchasing managers' index
