Emerging Europe Data Response Poland Industrial Production & Retail Sales (Jun.) The batch of strong Polish activity data for June suggests that the economy grew by a robust 4% y/y in Q2 – in line with Q1’s outturn. 19th July 2017 · 1 min read
Emerging Europe Data Response Czech CPI (Jun.) The fall in Czech headline inflation last month was the result of weaker fuel inflation, but core inflation appears to have risen further above the central bank’s target. As a result, we think it’s... 12th July 2017 · 1 min read
Emerging Europe Data Response Turkey Industrial Production (May) Despite the slowdown in Turkish industrial production growth in May, it still looks like overall GDP growth may have been stronger in Q2 than it was in Q1. 10th July 2017 · 1 min read
Emerging Europe Data Response Russia CPI (Jun.) The sharper-than-expected rise in Russian inflation last month, to 4.4% y/y, was driven by an increase in fruit and vegetable inflation. Core inflation fell to a record low. Accordingly, we still... 6th July 2017 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Jun.) & Turkey CPI (Jun.) Last month’s batch of manufacturing PMIs in Emerging Europe suggest that growth in Central Europe remained robust at the end of Q2, while Turkey’s economy strengthened. Meanwhile, the sharper-than... 3rd July 2017 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Jun.) June’s impressive batch of Economic Sentiment Indicators suggests that regional growth in Central and Eastern Europe remained above 4% y/y in Q2. The continued strong run of survey data supports our... 29th June 2017 · 1 min read
Emerging Europe Data Response Russia Activity Data (May) May’s activity data from Russia were generally a bit stronger than expected and add to evidence that the economic recovery has continued to strengthen in Q2. 20th June 2017 · 1 min read
Emerging Europe Data Response Poland Industrial Production & Retail Sales (May) The batch of robust Polish activity data for May suggests that the economy is probably growing by around 4.0% y/y, in line with Q1’s outturn. 20th June 2017 · 1 min read
Emerging Europe Data Response Turkey GDP (Q1 2017) The much sharper-than-expected increase in Turkish GDP in Q1, of 5.0% y/y, has prompted us to revise up our GDP growth forecast for the year as a whole to 4.3%. At the margin, today’s figures make it... 12th June 2017 · 1 min read
Emerging Europe Data Response Russia CPI (May) Russian headline inflation was unchanged in May, but the fall in core inflation to below the central bank’s target supports our view that the policy interest rate will be lowered again, from 9.25% to... 6th June 2017 · 1 min read
Emerging Europe Data Response Turkey CPI (May) The modest decline in Turkish inflation, to 11.7% y/y last month, supports our view that the MPC will end the recent monetary tightening cycle at next week’s meeting. 5th June 2017 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (May) Last month’s PMIs for Emerging Europe suggest that conditions in the manufacturing sectors of the region’s two largest economies – Turkey and Russia – are improving. Moreover, manufacturing in Central... 1st June 2017 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (May) May’s Economic Sentiment Indicators remained strong across Central and Eastern Europe, suggesting that regional growth stayed above 4% y/y in Q2. These figures support our above-consensus growth... 30th May 2017 · 1 min read
Emerging Europe Data Response Russia Activity Data (Apr.) The better-than-expected batch of Russian activity data for April indicate that the economy probably grew by 0.7-0.8% y/y at the start of Q2, up from 0.5% y/y in Q1. 22nd May 2017 · 1 min read
Emerging Europe Data Response Poland Industrial Production & Retail Sales (Apr.) We wouldn’t read too much into the batch of weak April activity data for Poland, which were depressed by calendar effects. The underlying trend still seems to be one of strong growth. 19th May 2017 · 1 min read
Emerging Europe Data Response Russia GDP (Q1 2017) First quarter GDP data from Russia were a touch stronger than expected and are all the more encouraging given that calendar effects will have pulled down the growth figure for Q1. Our GDP forecasts... 17th May 2017 · 1 min read
