Automotive production rose 14.4% y/y in July, slowing from a 19.1% increase in the previous month.
International rating agency Fitch expects a long period of disinflation until 2025.
Romania’s industrial output index increased by 0.6% m/m and by 0.9% m/m for the core manufacturing sector in July.
Romania’s public debt decreased by RON6.25bn in June to RON724.bn at the end of the month.
Ukraine’s Ministry of Finance has revised its GDP growth forecast up to 3%, the ministry said on September 12.
Ukrainian President Volodymyr Zelenskiy told the Economist that he saw signs of wavering amongst Ukraine’s Western partners in an interview on September 10, but the people of Europe still want to support Ukraine in its fight with Russia.
Annual inflation dropped below 10% y/y for the first time since November 2021, to 9.7% y/y in August.
August y-o-y inflation is 0.3 percentage points down on July, when inflation eased to 8.8% from 9.7% in June.
Headline data slowed to 16.4% y/y from 17.6% in July, while core inflation eased to 15.2% in August from 17.5% in July.
Jobless numbers rise 0.1 percentage points on July and by 0.2pp year-on-year.
Slovenia has a low birth rate, but its population has been boosted by immigration, even while the natural increase is negative.
1% decrease accumulated in February to May has now been reversed after increases in July and August.
Independent analysts have lowered their full-year forecasts after disappointing Q2 figures.
MNB director Balint Dancsi said lending is clearly slowing down in Hungary in line with international trends.
Private consumption, one of the main drivers for Romania’s overall long-term economic growth, is expected to slow.
The smaller, more specialized car companies such as Tesla and Chinese market leader BYD have raced ahead with EV development and now dominate global sales.
Business activity and new work rose at weakest rates in six months, though the latter indicator still increased solidly.
The seasonally adjusted S&P Global Russia Services PMI Business Activity Index posted a very strong 57.6 in August, up sharply from 54.0 in July.
The place where the highest share of people continue to live in extreme poverty is Sub-Saharan Africa. As of 2019, the latest year available with the World Bank, more than a third of people in the region lived below the international poverty line.
Istanbul’s ENAG group of economists calculates figure was 128% y/y.