Emerging Europe Data Response Russia Activity Data (Apr.) Russian activity data for April were relatively strong and suggest that a sustained recovery is taking hold in Q2 thanks to an easing of virus restrictions on services sectors and continued rebound in... 4th June 2021 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (May) The latest falls in the lira mean that, despite the fall in Turkey’s headline inflation rate to 16.6% y/y last month, the central bank (CBRT)will probably leave interest rates unchanged at this month... 3rd June 2021 · 3 mins read
Emerging Europe Data Response Manufacturing PMIs (May) The rise in the manufacturing PMIs to fresh record highs for Czechia and Poland in May was driven by output and new orders, but supply issues have continued to push up input and output prices. In... 1st June 2021 · 3 mins read
Emerging Europe Data Response Economic Sentiment Indicators (May) The EC’s Economic Sentiment Indicators showed strong increases in most countries in May, largely driven by improvements in services sentiment as economies have started to re-open. This is likely to be... 28th May 2021 · 3 mins read
Emerging Europe Data Response Poland Activity Data (Apr.) The m/m fall in industrial production and retail sales in Poland in April confirmed that the country’s third virus wave caused the economy to start the quarter on a soft note. But with new virus cases... 24th May 2021 · 2 mins read
Emerging Europe Data Response Israel GDP (Q1 2021) The surprise 6.5% annualised contraction in Israeli GDP in Q1 largely reflected the impact of a vehicle tax hike on consumption and a sharp fall in government consumption. We expect GDP to rebound... 18th May 2021 · 3 mins read
Emerging Europe Data Response Central & Eastern Europe GDP (Q1 2021) The Q1 GDP data for Central and Eastern Europe revealed a divergence in performance between the regions’ economies amid third virus waves, with Hungary and Romania outperforming. With virus situations... 18th May 2021 · 3 mins read
Emerging Europe Data Response Russia GDP (Q1 2021) The improvement in Russian GDP growth to -1.0% y/y in Q1 was largely driven by a slight easing of containment measures as virus cases continued to fall during the winter. The vaccine rollout is... 17th May 2021 · 2 mins read
Emerging Europe Data Response Israel Consumer Prices (Apr.) The latest inflation figures for Israel provided few signs that the reopening of the economy resulted in a pick-up in price pressures in April. This supports our view that inflation will remain in... 14th May 2021 · 2 mins read
Emerging Europe Data Response Poland GDP (Q1 2021, First Estimate) Poland’s economy performed a little worse than most had expected in Q1 and the tightening of restrictions to curb a third wave of COVID-19 means that quarterly growth in Q2 is likely to be slower... 14th May 2021 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Mar.) Turkey’s activity figures for March suggest that the economy recorded further growth in Q1. But the recovery lost steam over the quarter and the combination of more restrictive virus containment... 11th May 2021 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Apr.) The fall in Russian inflation to 5.5% y/y in April was largely driven by base effects that pulled down food inflation as underlying price pressures remained strong. The central bank will continue to... 7th May 2021 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Apr.) April’s robust manufacturing PMIs for Czechia and Poland were artificially boosted by longer supplier delivery times and there were further signs that supply chain issues have caused price pressures... 4th May 2021 · 2 mins read
Emerging Europe Data Response Czech GDP (Q1 2021) The 0.3% q/q drop in Czech GDP in Q1 was slightly better than expected and, with authorities now moving to relax virus restrictions, we expect a strong recovery to take hold in the second half of this... 30th April 2021 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Apr.) The EC’s Economic Sentiment Indicators (ESIs) recorded their largest ever monthly aggregate improvement across Central and Eastern Europe in April. Sentiment remains below its pre-pandemic level but... 29th April 2021 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Mar.) Polish industrial production and retail sales data for March were much stronger than expected in light of the third virus wave and recent tightening of containment measures across Europe. The big... 22nd April 2021 · 2 mins read
