Emerging Europe Data Response Poland Activity Data (Sep.) September’s batch of Polish activity data confirmed that the economy rebounded strongly in Q3, with GDP growth likely to have increased from -8.2% y/y in Q2 to -2.5% y/y. But this strength came before... 21st October 2020 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Sep.) There were few positives in September’s batch of Russian activity data as the contraction in retail sales deepened and the recovery in the manufacturing sector stalled. The rise in virus cases and... 20th October 2020 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Aug.) Turkey’s industrial production and retail sales data for August add to the evidence that the recovery has remained strong, although the figures appear to have been flattered by a shift in the timing... 13th October 2020 · 3 mins read
Emerging Europe Data Response Russia Consumer Prices (Sep.) Russian inflation edged up to 3.7% y/y in September and we think that it will rise a bit further over the coming months, which is likely to prompt the central bank to pause its easing cycle at its... 6th October 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Sep.) Turkey’s headline inflation rate was unchanged for a third consecutive month at 11.8% y/y in September but we expect it to rise over the coming months. And with the lira still under pressure, the... 5th October 2020 · 3 mins read
Emerging Europe Data Response Manufacturing PMIs (Sep.) The mixed batch of manufacturing PMIs across Emerging Europe for September suggest that the initial rebound in activity over the summer started to run out of steam at the end of Q3. The recovery is... 1st October 2020 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Sep.) The further rise in the EC’s Economic Sentiment Indicators for September suggests that the recovery continued this month, albeit at a slower pace. However, we suspect that the recent rise in virus... 29th September 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Aug.) The batch of Polish activity data for August show that the pace of the recovery slowed as pent-up demand following the loosening of lockdown measures eased. The recovery will probably continue over... 21st September 2020 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Aug.) The batch of Russian activity data for August show that the economic recovery continued throughout the middle of Q3 as mining output recovered strongly, but activity in the retail and manufacturing... 18th September 2020 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Jul.) Turkish industrial production and retail sales posted a strong recovery in July as the continued easing of lockdown measures and rapid credit expansion boosted activity. The tightening of monetary... 14th September 2020 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Aug.) Russian inflation rose to 3.6% y/y in August and we think that it will edge up a bit further over the coming months. This shouldn’t trouble the central bank too much, but the threat of sanctions and... 4th September 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Aug.) Turkish inflation was unchanged between July and August, at 11.8% y/y, but the lira rather than inflation is likely to determine the central bank’s next moves. If the lira’s recent stability proves... 3rd September 2020 · 3 mins read
Emerging Europe Data Response Manufacturing PMIs (Aug.) The batch of manufacturing PMIs across Emerging Europe for August provided further signs that the economic rebound continued in Q3. Industrial sectors are likely to recover further over the coming... 1st September 2020 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Aug.) The further increase in the EC’s Economic Sentiment Indicators for August echoes the message from other surveys and high-frequency data that the recovery gained pace in Q3. But sentiment remains far... 28th August 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Jul.) July’s batch of Polish activity data provides further evidence that industrial production and retail sales have rebounded quickly towards pre-virus levels. The rise in localised virus cases does not... 21st August 2020 · 3 mins read
Emerging Europe Data Response Russia Activity Data (Jul.) The batch of Russian activity data for July suggest that the economy gained a bit of momentum at the start of Q3 following the 8.5% y/y fall in GDP in Q2 as retail sales continued to rebound. But the... 20th August 2020 · 2 mins read
