Emerging Europe Data Response Russia Activity Data (Dec.) December’s batch of Russian activity data suggests that GDP growth in Q4 was broadly unchanged from Q3’s 1.7% y/y, but the economy appears to have lost steam at the end of the quarter. That... 28th January 2020 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Dec.) The batch of Polish activity data for December suggest that GDP growth weakened from 3.9% y/y in Q3 to a three-year low of 3.5% y/y in Q4. The slowdown in growth reinforces our view that the central... 23rd January 2020 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production & Retail Sales (Nov.) The Turkish industrial production and retail sales figures for November were a mixed bag but, on balance, suggest that the economy gathered pace in Q4. Looser policy means that we think the economy... 14th January 2020 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Dec.) The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4... 8th January 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Dec.) The stronger-than-expected rise in Turkish inflation in December means that this month’s interest rate decision will be a close call. For now, we think that the central bank will cave into pressure... 3rd January 2020 · 3 mins read
Emerging Europe Data Response Manufacturing PMIs (Dec.) December’s batch of manufacturing PMIs for Central Europe remain consistent with a further slowdown in industrial production growth over the coming months, although there are tentative signs that... 2nd January 2020 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production (Oct.) October’s industrial production figures suggest that Turkey’s economy made a soft start to Q4 but more timely evidence suggest that this will prove a blip. Looser monetary and fiscal policy is likely... 13th December 2019 · 2 mins read
Emerging Europe Data Response Russia CPI (Nov.) The drop in Russian inflation to just 3.5% y/y in November increases the probability of another 50bp interest rate cut at the central bank’s meeting next Friday although, on balance, we think a 25bp... 6th December 2019 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Nov.) The rise in Turkish inflation in November is likely to mark the start of a steady upward trend over the next couple of years. This won’t prevent the central bank from cutting interest rates further at... 3rd December 2019 · 2 mins read
Emerging Europe Data Response Manufacturing PMIs (Nov.) November’s batch of manufacturing PMIs for Central Europe showed a slight improvement on October’s figures but nonetheless remain consistent with a further slowdown in industrial output over the... 2nd December 2019 · 2 mins read
Emerging Europe Data Response Turkey GDP (Q3) Turkey’s economy grew by a weaker-than-expected 0.4% q/q in Q3 but the lagged effects of policy loosening mean that the recovery is likely to gather pace over the next few quarters. The authorities’... 2nd December 2019 · 3 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Nov.) The European Commission’s batch of Economic Sentiment Indicators (ESIs) for November suggest that, after slowing to a three-year low of 3.6% y/y in Q3, regional GDP growth picked up to 4.0% y/y at the... 28th November 2019 · 2 mins read
Emerging Europe Data Response Poland Activity Data (Oct.) Polish activity data for October showed that the economy lost a bit more momentum at the start of Q4. Our GDP Tracker points to growth slowing to around 3.6% y/y, from 3.9% y/y in Q3. 25th November 2019 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Oct.) The batch of Russian activity data for October suggest that the economy started Q4 on a firm footing following Q3’s stronger-than-expected 1.7% y/y expansion. But with inflation likely to fall further... 20th November 2019 · 2 mins read
Emerging Europe Data Response Central & Eastern Europe GDP (Q3 2019) The Q3 GDP data for Central & Eastern Europe showed that while regional GDP growth slowed to its weakest pace in over three years, growth remained strong in Hungary and Poland. But with euro-zone... 14th November 2019 · 2 mins read
Emerging Europe Data Response Turkey Industrial Production (Sep.) The rebound in Turkish industrial production in September suggests that the economy ended Q3 on a firmer footing and more timely evidence points to a further recovery in the coming months. The economy... 14th November 2019 · 2 mins read
