Czech central bankers keep interest rate at 3.75%
4 days ago
Industrial production in Romania (seasonally adjusted) edged down by 0.4% in August, marking a 5.8% y/y annual decline and an even steeper deterioration of 6.2% y/y in the core manufacturing sector, the statistics office INS announced.
The statistics office announced a combined 5.1% y/y decline for the ytd (January-August) industrial production (-4.6% y/y in the manufacturing sector) and bne IntelliNews calculated that the 12-month rolling industrial output decline steepened to 4.4% y/y (-3.4% y/y for manufacturing) from 4.0% in the month before.
A couple of industries keep posting positive performances, primarily the automobile industry, which boasted an 8.1% y/y advance in the rolling 12-month period. The manufacturing of optical and electronic devices, mainly car parts, surged by 9.4% y/y. Outside the automotive sector, medicines production (+2.5% y/y) and oil services (+3.9% y/y) demonstrated positive growth as well.
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Czech central bankers keep interest rate at 3.75%
Czech National Bank (CNB) kept the interest rate unchanged at 3.75%, meeting wide market expectations. The rate is the lowest since January 2022.
Turkey burns through towards $30bn in reserves after detaining Imamoglu
Regime has struggled to stabilise the financial markets but, as things stand, the situation does not threaten its survival.
Romania’s macroeconomic confidence index declines amid recession fears
Decline reflects growing concerns over economic uncertainty and a potential recession.
Polish retail sales disappoint in February
Polish retail sales fell 0.5% year on year in constant prices in February, defying the consensus, which expected a 3.2% annual increase.
Kosovo’s trade gap up 13.6% y/y in February
Exports dropped by 4.3% y/y to €67.3mn in February, while imports were up 10.9% to €518.6mn.
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