Data
Real disposable income in Russia up by 0.8% in 2019, more hoped for 2020
Real disposable incomes in Russia increased by 0.8% in 2019, the growth accelerating from 0.1% seen in 2018 and beating the expectations of 0.1% of the Ministry of Economic Development, the latest data released by RosStat statistics agency shows.
Lithuanian retail sales ease growth rate to 3.7% y/y in December
Sales thus decelerated their growth rate in comparison to the 4.5% annual expansion in the eleventh month. Retail sales have been on an uninterrupted growth track since 2015.
Turkish lira deposit rates below official inflation
Average at local banks fell to 9.60%, lowest recorded in three years.
Hungarian forint slips to all-time low against the euro
The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.
Russia’s industrial output grew 2.1% on the year in 2019 and 8.9% on the month in December
Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November
Polish retail sales accelerate growth in December
The expansion in December is hardly a surprise even if it fell slightly short of consensus. Poles’ robust consumer spending is driven by the good situation on the labour market, growing wages in particular.
Russia's Watcom shopping index ends 2019 on five-year high as consumption recovers
The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.
Ukraine’s retail sales up 10.5% in 2019
Ukraine’s retail sales grew by a healthy 10.5% y/y in real terms in 2019, accelerating from from 5.8% y/y in 2018, Ukraine’s State Statistics Service reported on January 21.
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Russia’s gross international reserves reach $557.5bn, surpass pre-crisis peak
Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.
Slovenia ranks first in emerging Europe in social mobility
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Moldova’s industrial output up 2.5% y/y in 11M19
Rise was driven by electronics and automotive sectors where foreign investors have developed production facilities, while light industry keeps losing ground due to the lack of workforce.
Estonian PPI deflation deepens in December
The headline figure also sees the PPI inflation rate below zero for the fifth consecutive month after an uninterrupted growth period of nearly three years.
Moldova’s exports stagnate and shift toward CIS countries
Moldova’s exports contracted by 1% y/y to $266.6mn in November as the recovery in exports to the CIS was not strong enough to offset the drop in exports to the EU.
KMPG evaluates McDonald's impact on Hungarian GDP at €456mn
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Albania’s 2019 foreign trade gap widens 5.7% y/y
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
Belarus GDP grew by 1.2% y/y in 2019
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Jump in Polish CPI confirmed at 3.4% y/y in December
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
Romania’s external debt rises on chronic wide CA gap
Romania’s current account deficit reached €10.7bn, nearly 4.9% of GDP, in the 12-month rolling period ending November, 22.7% up y/y.
Ukraine consumer inflation ends 2019 at 4.1%
Ukraine’s consumer prices declined 0.2% month-on-month in December from 0.1% m/m growth in November, while annual inflation slowed to 4.1% y/y from 5.1% in November
The number of unemployed Czechs reached its lowest level since 1996
At the end of last year, the number of unemployed job applicants in the Czech Republic reached 215,532, which is the lowest figure since December 1996.