Emerging Europe Data Response Turkey Consumer Prices (May) The rise in Turkish inflation in May, to 11.4% y/y, suggests that the effects of the sharp fall in the lira in the early part of the month more than offset the impact of weaker domestic demand on... 3rd June 2020 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (May) The manufacturing PMIs repeat the message from the ESIs released last week that activity in the region rebounded in May but remained at subdued levels. As lockdowns continue to be lifted and external... 1st June 2020 · 2 mins read
Emerging Europe Data Response Turkey GDP (Q1) Turkey’s economy managed to grow in Q1 as a strong January and February more than offset a dire March. But the latest activity figures are ominous and point to a collapse in activity in Q2. 29th May 2020 · 3 mins read
Emerging Europe Data Response Economic Sentiment Indicators (May) May’s Economic Sentiment indicators suggest that the easing of lockdowns only provided a limited boost to the Central and Eastern Europe economies. The surveys are still consistent with a fall in GDP... 28th May 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Apr.) The collapse in the Polish industrial production and retail sales data for April were partially offset by higher public spending on large infrastructure projects in the construction sector. This... 22nd May 2020 · 2 mins read
Emerging Europe Data Response Russia GDP (Q1 2020) The slowdown in Russian GDP growth to 1.6% y/y in Q1 almost certainly failed to capture the extent of virus containment measures as the government did not implement lockdown measures until late-March... 19th May 2020 · 2 mins read
Emerging Europe Data Response Central & Eastern Europe GDP (Q1 2020) The batch of Q1 GDP data for Central & Eastern Europe shows that the region’s economies were in freefall at the end of March after lockdown measures were imposed. A strong start to the year meant that... 15th May 2020 · 3 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Mar.) The collapse in Turkish industrial production and retail sales in March add to the evidence that, even though the government refrained from imposing draconian lockdown measures, the economy probably... 14th May 2020 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Apr.) April’s manufacturing PMIs for Emerging Europe fell off a cliff and point to industrial production declining at a record pace in Q2. With lockdown measures being lifted activity in The Czech Republic... 4th May 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Apr.) The fall in Turkish inflation in April, coupled with growing evidence of a sharp economic downturn, may tempt the central bank to cut interest rates further. But this would severely test investors’... 4th May 2020 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Apr.) The collapse in April’s Economic Sentiment Indicators to levels not recorded before in Central and Eastern Europe point to GDP falling by around 6.0% y/y at the start of Q2, more than twice as large... 29th April 2020 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Mar.) The relatively strong batch of Russian activity data for March suggest that GDP growth probably picked up a touch to 2.5% y/y in Q1. However, this largely reflects the fact that Russia was much slower... 27th April 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Mar.) The collapse in the Polish activity data for March came on the back of two strong months and suggests that the economy probably avoided a contraction in Q1 and grew at around 2.0% y/y. But the slump... 22nd April 2020 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Mar.) The rise in Russian inflation to 2.5% y/y in March probably marks the start of a gradual pick-up over the next few months as the effects of the weaker ruble feed through to consumer prices. But with... 6th April 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Mar.) The drop in Turkish inflation in March, coupled with the sharp downturn in the economy, means that the central bank is likely to follow up last month’s emergency 100bp interest rate cut with further... 3rd April 2020 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Mar.) The slump in March’s manufacturing PMIs across Central Europe to levels not seen since the financial crisis are a sign of things to come and the figures for April are likely to be a lot worse. Russia... 1st April 2020 · 3 mins read
