Emerging Europe Data Response Turkey & Hungary Industrial Production (Jun.) The faster-than-expected expansion in Turkish industrial production, of 5.5% y/y, in June was, in part, due to a rebound in the auto sector following strikes in May. But overall, this figure adds to... 7th August 2015 · 1 min read
Emerging Europe Economics Update Hungarian MPC ends easing cycle, pledges loose policy Having cut its two-week deposit rate by a slightly larger-than-expected 15bp to 1.35% earlier today, the Hungarian MPC made it clear that no further rate cuts were likely. But at the same time, the... 21st July 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (May) & Hungary CPI (Jun.) The slowdown in Turkish industrial production growth in May, to 2.4% y/y, appears to be a result of strikes in the automobile sector. And, overall, the data still suggest that the economy expanded at... 8th July 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary Industrial Production (May) The sharp slowdown in industrial production growth in both the Czech Republic and Hungary in May was distorted by working day effects. The underlying trend is one ofsteady growth in industry of around... 7th July 2015 · 1 min read
Europe Commercial Property Update Hungarian retail rents unlikely to take-off A combination of spare capacity and the ban on Sunday trading will limit retailer demand in Hungary in the next year or two. Thereafter, new shopping centre developments will prevent rental growth... 24th June 2015 · 1 min read
Emerging Europe Economics Update Hungary’s easing cycle nearing an end The press release accompanying today’s decision by the National Bank of Hungary to lower its policy interest rate by 15bp to 1.50% hinted that the easing cycle has a little further to run. We have... 23rd June 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary CPI (May) Stronger-than-expected inflation figures for last month in both the Czech Republic and Hungary will remove any lingering concerns about deflation. However, large amounts of spare capacity will keep... 9th June 2015 · 1 min read
Emerging Europe Economic Outlook Prospects diverge Emerging Europe’s economy is likely to contract this year for the first time since 2009, but prospects differ substantially across the region. In Russia, while financial strains have eased, the... 5th June 2015 · 1 min read
Emerging Europe Data Response Turkey CPI (May) & Hungary Retail Sales (Apr.) The rise in Turkish inflation in May, to 8.1% y/y, was driven by a pick-up in core price pressures and provides further evidence that the economy’s inflation problems are escalating. Elsewhere... 3rd June 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (May) May’s batch of manufacturing PMI data for Emerging Europe provided further evidence that the slump in the Russian economy has deepened in the second quarter. But the surveys finally brought some... 1st June 2015 · 1 min read
Emerging Europe Economics Update Equities weaken, bond yields rise Financial markets in Emerging Europe have generally performed poorly over the past month, with equities having dropped back and the region’s bonds having been hit by the sell-off in developed... 28th May 2015 · 1 min read
Emerging Europe Economics Update Window for further Hungarian rate cuts is closing 26th May 2015 · 1 min read
Europe Commercial Property Update Hungarian property capital values ready for lift-off The Hungarian economy stands to see above-trend growth rates in the coming years, supporting occupier demand. With the prospects for rental values turning positive, yields look cheap on a historical... 13th May 2015 · 1 min read
Emerging Europe Data Response Hungary, Romania & Slovakia GDP (Q1) The stronger-than-expected preliminary first quarter GDP estimates out of Hungary, Romania and Slovakia are particularly encouraging in light of the slowdown in the German economy. All in all, the... 13th May 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (Mar.) & Hungary CPI (Apr.) The stronger-than-expected 4.7% y/y rise in Turkish industrial production in March provides much-needed good news for President Erdogan ahead of next month’s election. But even so, growth in industry... 8th May 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary Industrial Production (Mar.) March’s industrial production data from the Czech Republic and Hungary show that both economies ended the first quarter on a strong note. Indeed, these data, put together with the latest retail sales... 7th May 2015 · 1 min read
