Emerging Europe Data Response Manufacturing PMIs (Nov.) Last month’s manufacturing PMIs for Emerging Europe brought further evidence that the region’s industrial sector strengthened in the final quarter of the year. 1st December 2015 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Nov.) November’s Economic Sentiment Indicators provided further evidence that Central and Eastern Europe’s recent strong performance continued into the final quarter of the year. The surveys suggest that... 27th November 2015 · 1 min read
Emerging Europe Data Response Central & South Eastern Europe GDP (Q3 2015) Today’s flash Q3 GDP data confirmed that the Central and South Eastern European economies continued to grow robustly, despite fears of a widespread EM slowdown. Indeed, this year is shaping up to be... 13th November 2015 · 1 min read
Emerging Europe Data Response Turkey Current Account (Sep.) Turkey’s monthly current account balance rose a little further into surplus in September, but this was mainly due to lower energy imports and an improvement in the gold trade balance. The underlying... 11th November 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (Sep.) & Czech CPI (Oct.) The slowdown in Turkish industry in September means that industrial production growth over Q3 as a whole was a little slower than in Q2. Elsewhere, the weaker-than-expected inflation data from the... 9th November 2015 · 1 min read
Emerging Europe Data Response Russia CPI (Oct.) Russian inflation edged down again in October, to 15.6% y/y, but the headline rate remains extremely high and this figure alone is unlikely to be enough to tip the balance on the MPC in favour of a... 5th November 2015 · 1 min read
Emerging Europe Data Response Turkey CPI (Oct.) On the face of it, the fall in Turkish inflation last month to a weaker-than-expected 7.6% y/y looks encouraging. However, this masks the fact that core inflation rose to its highest rate in almost a... 3rd November 2015 · 1 min read
Emerging Europe Data Response Poland Flash CPI (Oct.) The larger-than-expected 0.8% y/y fall in Polish consumer prices last month is likely to reinforce the MPC’s dovish stance. And interest rate cuts could come back onto the agenda, particularly if the... 2nd November 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Oct.) Manufacturing PMI surveys for October showed that industry across Emerging Europe started Q4 on a strong note. The improvement in Poland was particularly encouraging, and Central Europe in general... 2nd November 2015 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Oct.) This month’s Economic Sentiment Indicators for Central and Eastern Europe were encouraging – our regional aggregate rose to its highest level since September 2008. Admittedly, there were some... 29th October 2015 · 1 min read
Emerging Europe Data Response Russia Retail Sales, Inv. & IP (Sep.) & Poland IP (Sep.) September’s activity data from Russia suggest that while the downturn in industry seems to have bottomed out, the slump in consumer spending has deepened. Retail sales are now falling at their... 19th October 2015 · 1 min read
Emerging Europe Data Response Turkey Current Account (Aug.) Turkey’s balance of payments data for August were, on the face of it, encouraging as the current account deficit fell to its lowest monthly level since 2009. But it’s worth noting that the decline in... 14th October 2015 · 1 min read
Emerging Europe Data Response Czech CPI (Sep.) Czech inflation came in at a slightly stronger-than-expected 0.4% y/y last month, as an easing of the decline in food prices more than offset a steeper decline in fuel prices. The bigger picture... 9th October 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (Aug.) & Hungary CPI (Sep.) The larger-than-expected rise in Turkish industrial production in August was encouraging, although given the more recent declines in business confidence, it’s not clear whether this will be sustained... 8th October 2015 · 1 min read
Emerging Europe Data Response Russia CPI (Sep.) The small decline in Russian inflation last month, to 15.7% y/y, was reassuring in light of the fresh fall in the ruble. But even so, inflation remains extremely high and against this backdrop there... 5th October 2015 · 1 min read
Emerging Europe Data Response Turkey CPI (Sep.) The rise in Turkish inflation to a stronger-than-expected 7.9% y/y last month provides further evidence that the latest plunge in the lira is hurting the economy. This reinforces our view that the... 5th October 2015 · 1 min read
