Czech inflation stays at 2.2% y/y in August
4 hours ago
The industrial slowdown dragged down the total electricity consumption in Moldova (chart) by 4% y/y in Q2 (-9% y/y for the non-residential segment) to 925 GWh, according to data provided by the statistics bureau.
The demand from Ukraine and the stable supply from the separatist region Transnistria (815 GWh, counted as neither import nor domestic production), turned the country into a net electricity exporter again.
Moldova proper’s own electricity production contracted by 11% y/y to 118 GWh in Q2 and covered only 12.6% of total; gross consumption.
The net export was small, but positive at 8 GWh.
A similar situation (net electricity export) was seen in the second quarter of last year when Moldova’s net export was 14 GWh.
Transnistria tends to deliver more electricity to Moldova proper during the warm season (Q2 and Q3), when the region’s natural gas consumption needs (for heating) are lower.
However, quite ironically, a small part of the electricity produced from the natural gas supplied by Russia freely to the separatist region in Moldova ends up in Ukraine’s power grid.
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Data
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Czech inflation stays at 2.2% y/y in August
The y/y figure is slightly above the 2% inflation target level and the 1.8% y/y forecast for August by the Czech National Bank.
Romania’s foreign trade falls as a share of total economy
Both exports and imports have stagnated over the last two years.
Serbia outpaces EU economic growth
Serbia’s gross domestic product GDP has grown at a rate 2.5 times faster than that of the European Union since 2018.
_1725893572.jpg)
Brazil's service sector growth slows in August amid softening demand
Brazil's services sector expansion eased in August as demand conditions softened, though business confidence remained elevated, according to an S&P Global survey released on September 4.
Romania confirms weak 0.7% y/y GDP growth in H1
Latest figures confirm August flash estimate, which came as a big disappointment and prompted analysts to revise downward their full-year GDP growth projections to under 2%.
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