Emerging Europe Data Response Economic Sentiment Indicators (Mar.) The widespread slump in March’s Economic Sentiment Indicators (ESIs) for Central and Eastern Europe suggest that regional GDP growth slowed from 3.2% y/y in Q4 to around 2% y/y in Q1. But, with the... 30th March 2020 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Feb.) The further fall in Russian inflation to 2.3% y/y in February leaves the door open for the central bank to continue its easing cycle this month. Although market expectations for easing have been pared... 6th March 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Feb.) The further increase in Turkish inflation in February probably won’t be enough to deter the central bank from easing monetary policy a little more in the next couple of months. But policymakers have... 3rd March 2020 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Feb.) The rise in Turkey’s manufacturing PMI to a two-year high in February provides further evidence thatthe economic recovery continued at a rapid pace at the start of 2020. Elsewhere, there is some... 2nd March 2020 · 3 mins read
Emerging Europe Data Response Turkey GDP (Q4) Turkey’s economy grew by a rapid 1.9% q/q in Q4 of last year and loose policy will keep it motoring along over the coming quarters. But there are increasing signs that strong growth is fuelling a... 28th February 2020 · 3 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Feb.) February’s batch of Economic Sentiment Indicators (ESIs) for Central and Eastern Europe provided yet more evidence that weakness in industry is spreading to domestically-focused sectors. There are no... 27th February 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Jan. 2020) The batch of Polish activity data for January suggest that GDP growth was broadly steady at around 3.2% y/y at the start of the year. With headwinds to growth building, the risks to our 2020 GDP... 21st February 2020 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Jan.) January’s batch of Russian activity data suggest that GDP growth was broadly steady at around 1.8% y/y. While some of the recent props to growth have started to fade, policy support is likely to... 20th February 2020 · 2 mins read
Emerging Europe Data Response Central & Eastern Europe GDP (Q4 2019) The weak batch of Q4 GDP data for Central & Eastern Europe show that the downturn in Germany took a bigger toll on growth across the region. Prolonged weakness in the euro-zone and softer domestic... 14th February 2020 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Dec.) The stronger-than-expected Turkish activity data for December suggest that the economic recovery gathered steam in the final quarter of last year. Looser fiscal and monetary policy will keep the... 13th February 2020 · 2 mins read
Emerging Europe Data Response Russia Consumer Prices (Jan.) The larger-than-expected drop in Russian inflation to just 2.4% y/y in January primarily reflected the unwinding impact of last year’s VAT hike. But it will probably be enough to prompt the central... 6th February 2020 · 2 mins read
Emerging Europe Data Response Russia Annual GDP (2019) The Russian full-year GDP growth figure of 1.3% in 2019 was well below 2018’s outturn of 2.5%, but the figures suggest that growth accelerated a little further in the final quarter of last year, to 1... 3rd February 2020 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Jan.) January’s manufacturing PMIs for Central Europe remain consistent with a further slowdown in industrial sectors over the coming months. Elsewhere, the jump in Turkey’s PMI to a 22-month high leaves it... 3rd February 2020 · 3 mins read
Emerging Europe Data Response Turkey Consumer Prices (Jan.) The rise in Turkish inflation in January is unlikely to sway the central bank (CBRT) away from another interest rate cut this month as policymakers cave into pressure from President Erdogan. But... 3rd February 2020 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Jan.) January’s batch of Economic Sentiment Indicators (ESIs) for Central and Eastern Europe point to regional GDP growth slowing to a fresh three-year low of 3.2% y/y in Q1. With signs that weak external... 30th January 2020 · 2 mins read
Emerging Europe Data Response Poland Annual GDP (2019) The weaker-than-expected 2019 Polish GDP growth figure of 4.0% suggests that the economy slowed sharply in the final quarter of last year. Softer activity reinforces our view that the MPC will look... 29th January 2020 · 2 mins read
