Emerging Europe Data Response

Russia Consumer Prices (Nov.)

The jump in Russian inflation to a 16-month high of 4.4% y/y last month takes the prospect of further interest rate cuts off the table for the next few months at least. That said, with underlying...

4th December 2020 · 2 mins read

Emerging Europe Data Response

Turkey Consumer Prices (Nov.)

Turkey’s headline inflation rate jumped to a stronger-than-expected 14.0% y/y in November and, while the lira has rallied strongly over the past month and the economy looks set to suffer a fresh...

3rd December 2020 · 3 mins read

Emerging Europe Data Response

Manufacturing PMIs (Nov.)

The manufacturing PMIs for November point to a slowdown in the region but, overall, the sector has held up much better than services. Encouraging signs that Central & Eastern Europe has brought COVID...

1st December 2020 · 2 mins read

Emerging Europe Data Response

Turkey GDP (Q3)

Turkey’s economy recorded a strong 15.6% q/q rebound in Q3 from its collapse in Q2, but lingering weakness in the tourism sector as well as the recent tightening of both virus containment measures and...

30th November 2020 · 3 mins read

Emerging Europe Data Response

Economic Sentiment Indicators (Nov.)

The EC’s Economic Sentiment Indicators (ESIs) took a leg down in November and point to the recovery stalling in the middle of Q4. The fall in sentiment was broad-based across the region, though it was...

27th November 2020 · 2 mins read

Emerging Europe Data Response

Poland Activity Data (Oct.)

October’s batch of Polish activity data showed a marked divergence in the performance of industry and retail that will probably grow in November as lockdown measures bite harder. The recent...

23rd November 2020 · 2 mins read

Emerging Europe Data Response

Russia Activity Data (Oct.)

Russian activity data for October suggest that the recovery in activity stalled at the start of Q4. With virus restrictions tightening in many regions, the roll out of the vaccine pushed back, and...

20th November 2020 · 3 mins read

Emerging Europe Data Response

Central & Eastern Europe GDP (Q3 2020)

The Q3 GDP data for Central and Eastern Europe generally beat expectations and Poland’s economy recovered much faster than elsewhere in the region. But the recent tightening of virus restrictions...

13th November 2020 · 3 mins read

Emerging Europe Data Response

Turkey Industrial Production & Retail Sales (Sep.)

Turkey’s industrial production and retail sales data for September add to the evidence the recovery was strong over Q3, although prolonged weakness in the tourism sector and the recent sharp...

13th November 2020 · 2 mins read

Emerging Europe Data Response

Russia GDP (Q3 2020)

The stronger-than-expected improvement in Russian GDP growth to -3.6% y/y in Q3 means that the economy has come through this crisis in better shape than many other EMs. But the recovery lost a lot of...

12th November 2020 · 2 mins read

Emerging Europe Data Response

Russia Consumer Prices (Oct.)

Russian inflation jumped to 4.0% y/y in October as the weakness in the ruble continued to feed into stronger consumer prices. There’s now a greater chance that inflation peaks at a higher level than...

6th November 2020 · 2 mins read

Emerging Europe Data Response

Turkey Consumer Prices (Oct.)

Turkey’s headline inflation rate edged up to 11.9% y/y in October and is likely to rise further over the coming months. This, combined with the recent sharp falls in the lira, means that the central...

3rd November 2020 · 2 mins read

Emerging Europe Data Response

Manufacturing PMIs (Oct.)

The PMIs for October were fairly strong across the region and suggest that industry continued to recover last month. However, they probably understated the impact of the latest virus restrictions in...

2nd November 2020 · 2 mins read

Emerging Europe Data Response

Czech GDP (Q3 2020)

The 6.2% q/q rebound in Czech GDP in Q3 was stronger than expected, but this predated the surge in virus infections and tightening of restrictions which we expect to cause a renewed contraction in Q4...

30th October 2020 · 2 mins read

Emerging Europe Data Response

Economic Sentiment Indicators (Oct.)

The small fall in the EC’s Economic Sentiment Indicators for October is consistent with the region’s recovery stalling this month. But given that the data collection period for October predates the...

29th October 2020 · 2 mins read