Data
Hungary’s economy posts first quarterly growth since Q2 2022
Stronger than expected rise marks the end of a technical recession that has lasted a year.
Bulgaria’s population to shrink below 5mn in 2075
Statistics office's baseline scenario is for Bulgaria’s population to fall to 4.97mn in 2075 from 6.44mn in 2022.
Russian grain farmers anticipating another record-breaking harvest
Russian grain farmers are anticipating a potentially record-breaking harvest during the current agriculture season of over 150mn tonnes of grain, according to Arkady Zlochevsky, the president of the Russian Grain Union.
ING: Poland’s current account balance improved in September as trade turnover declined
Poland’s current account surplus surged to 0.6% of GDP over the last 12 months in September amid an improving foreign trade balance, but trade turnover continued to decline.
Romania’s inflation eases to 8.1% y/y in October
A further decline is expected in November while the central bank projects the yearend inflation at 7.5% y/y.
Serbia’s annual inflation slows by 1.7 pp to 8.5% in October
Central bank expects a further reduction in global inflationary pressures throughout 2024, contributing to a decrease in domestic inflation rates.
Hungary's inflation back into single-digit territory after 18 months
On a monthly basis, consumer prices edged 0.1% lower.
Inflation returns within target band in Moldova after hawkish monetary cycle
Subdued demand, stronger domestic currency and 16% lower regulated prices of utilities help bring down inflation.
Russian inflation rises again to 6.7% in October
The rest of the economy is performing well thanks to the so-called military Keynesianism boost from massive war-spending, leading Prime Minister Mikhail Mishustin to declare “the worst is over” in September, despite rising inflation.
Romania’s trade gap shrinks by 26% y/y in Q3, but is still wider than in 2021
Exports contracted by 5.1% y/y to €22.86bn and imports dropped even faster, by 11% y/y to €29.93bn in the quarter.
Ukraine's international reserves fell for the third month in a row in October to $38.97bn
Ukraine's international reserves declined for the third month in a row in October, under pressure from a trade deficit and delays in the arrival of fresh international aid. Reserves decreased by 1.9% to $38.97bn.
North Macedonia’s annual inflation eases to 3.5% in October
North Macedonia experienced a notable deceleration in its average annual inflation in October.
Businesses increasingly concerned over geopolitical and economic risks to the global economy, says Oxford Economics
Businesses are increasingly concerned over geopolitical and economic risks to the global economy, according to Oxford Economics’ latest Global Risk Survey released on November 6.
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Czech industry decreased by 5% y/y in September
Analysts quoted by Czech Television (CT) sounded alarm bells, pointing out that a disruption in supply chains in the car industry caused by damaging August floods in Slovenia quickened the September decline of Czech industry.
Russia’s service sector PMI continued expanding in October, but slowed from September
Russia’s service sector PMI continued to expand in October, posting a robust 53.6, but slowed somewhat from September.
Albania's tourism sector made the fastest post-pandemic recovery in Europe
Tourist arrivals in Albania rose by 56% compared to pre-pandemic 2019 in January-July 2023, with only Qatar and Saudi Arabia seeing better results.
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Kazakh services PMI shows ongoing expansion in October
Firms say improving underlying demand trends supported latest upturn, but data also revealed a loss of growth momentum.
Turkey's official inflation edges down to 61% y/y in October
ENAG inflation research group calculates rate fell to 126% from 130% in September.
Energy prices push up factory-gate inflation in Romania in September
Industrial production prices in Romania increased by 2% m/m in September, the steepest rise since October 2022.
Poland’s manufacturers tick up in October but still in negative territory
Poland's Purchasing Managers' Index grew 0.6 points to 44.5 in October.