Russia’s Watcom shopping index continued to slide in early November. Although lower than at any time since the survey's launch in 2014, its decline rate is slowing. The fall was less than feared and the levels of foot traffic seem to be stabilising
Crobex and Crobex10 indexes both up sharply on November 16 following positive vaccine news and Moody's upgrade.
Polish GDP fell a seasonally adjusted 2% y/y in the third quarter after retreating 7.9% y/y in April-June, a flash estimate released by the Central Statistical Office (GUS) showed.
Most of CEE is heading for a double-dip recession this year as the latest wave of the crisis will result in fresh contractions in 4Q20, say wiiw economists.
Russia's GDP declined by 3.6% year on year in 3Q20, marking a notable improvement after an 8% y/y fall in GDP seen in 2Q20.
Romania's industrial production returned in September to the same level seen in the same month last year, while the manufacturing sector's output increased by 0.4% y/y.
Industrial output in Hungary grew 2.2% y/y in September, rising for the first time since February.
The ruling Servant of the People (SOTP) would come in third if parliamentary elections were held this Sunday but Ukrainian President Volodymyr Zelenskiy would still win the presidency, albeit with only 33%, according to a poll by KIIS
Romania's headline inflation rate eased to just over 2.2% in October from 2.5% in September and 2.7% in August, falling below the 2.5% centre of the central bank's target band.
Romania's trade deficit increased by 30% y/y to €1.54bn in September, despite the robust performance of exports that marked a thin annual decrease of only 0.5%.
Sales of food, non-food goods and automotive fuel all plunged in September.
Slovenia swings to surplus in 9M20 compared to deficit in same period of 2019, as imports declined faster than exports during the pandemic.
Russia’s Watcom shopping index continued to slide in the last weeks of October and first week of November after almost recovering over the summer as the second wave of the coronavirus (COVID-19) pandemic in Russia gathers pace.
Belarus' international reserve assets totalled $7,485.6mn as of 1 November 2020, according to the preliminary data of the National Bank of the Republic of Belarus.
Higher real wages, still moderate unemployment and affordable interest rates pushed up retail sales by 3.8% y/y in the third quarter after a 7.3% y/y contraction in Q2.
New restrictions imposed in countries struggling with a vicious second wave of the pandemic.
In the third quarter of 2020, Ukraine's GDP declined by 3.6%, and the figure for the January-September period amounted to 5.5%, the Ministry for Development of Economy, Trade and Agriculture announced on November 5.
The unexpected economic slowdown that started at the end of September delivered another surprise after IHS Markit reported the biggest drop in the Russia Services Business Activity PMI Index, which tumbled from 53.7 to 46.9 in October.
Those left with any local currency to spare amid torrid economic situation seen as having little option but to buy USD or gold amid ongoing record lows set by the TRY against the USD.
Serbia has seen steady growth in retail sales since the government lifted lockdown in May.