Hungarian industrial production falls 2.6% y/y in July

Tamas Csonka in Budapest September 14, 2023

Automotive production rose 14.4% y/y in July, slowing from a 19.1% increase in the previous month.

Inflation steady at 9.4% y/y in Romania in August

bne IntelliNews September 14, 2023

International rating agency Fitch expects a long period of disinflation until 2025.

Romania’s industry is losing ground despite marginal advance in July

bne IntelliNews September 14, 2023

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 eases in June to 48.4% of GDP

bne IntelliNews September 13, 2023

Romania’s public debt decreased by RON6.25bn in June to at the end of the month.

Ukraine’s Ministry of Finance revises GDP growth up to 3% for 2023

bne IntelliNews September 13, 2023

Ukraine’s Ministry of Finance has revised its GDP growth forecast up to 3%, the ministry said on September 12.

Europeans support ongoing aid and weapons for Ukraine even if politicians waiver

bne IntelliNews September 12, 2023

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.

Prices stabilise in Moldova

bne IntelliNews September 12, 2023

Annual inflation dropped below 10% y/y for the first time since November 2021, to 9.7% y/y in August.

Czech inflation slows to 8.5% in August

Albin Sybera September 11, 2023

August y-o-y inflation is 0.3 percentage points down on July, when inflation eased to 8.8% from 9.7% in June.

Disinflationary trends continue in Hungary in August

Tamas Csonka in Budapest September 11, 2023

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.

Unemployment in Czechia inched up in August to 3.6%

Albin Sybera September 11, 2023

Jobless numbers rise 0.1 percentage points on July and by 0.2pp year-on-year.

Slovenia reports negative natural population increase in July

bne IntelliNews September 11, 2023

Slovenia has a low birth rate, but its population has been boosted by immigration, even while the natural increase is negative.

Consumer prices resume growth in Kosovo after temporary slowdown

bne IntelliNews September 10, 2023

1% decrease accumulated in February to May has now been reversed after increases in July and August.

Slowing private consumption drags down Romania’s GDP growth to 1.1% y/y in Q2

Iulian Ernst in Bucharest September 8, 2023

Independent analysts have lowered their full-year forecasts after disappointing Q2 figures.

Corporate and retail lending growth slows in Hungary in Q2

bne IntelliNews September 7, 2023

MNB director Balint Dancsi said lending is clearly slowing down in Hungary in line with international trends.

Romania’s retail sales stagnate for fourth month in July

bne IntelliNews September 7, 2023

Private consumption, one of the main drivers for Romania’s overall long-term economic growth, is expected to slow.

BYD and Tesla dominate global EV sales

Felix Richter of Statistia September 6, 2023

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.

Services activity growth in Kazakhstan nearly stalls in August, PMI shows

bne IntelIiNews September 6, 2023

Business activity and new work rose at weakest rates in six months, though the latter indicator still increased solidly.

Russian services PMI jumps to very strong 57.6 in August

bne IntelliNews September 5, 2023

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.

Africa, Asia most people living in extreme poverty

Katharina Buchholz for Statista September 5, 2023

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.

Turkey reports 59% y/y official inflation rate for August

Akin Nazli in Belgrade September 4, 2023

Istanbul’s ENAG group of economists calculates figure was 128% y/y.