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Slovak inflation eased to 8.2% y/y in September
It is 0.7 percentage points down on the y/y growth in August, as the easing of inflation has continued steadily since March.
Romania’s 8.8% y/y inflation in September disappoints analysts
ING analysts say inflation "sticker than expected" as price pressures exceed estimates in most categories.
Romania’s industrial production dwindles despite automotive sector's performance
Romania reports 5.8% y/y annual decline in industrial production and an even steeper deterioration of 6.2% y/y in the core manufacturing sector.
Serbia’s annual inflation slows to 10.2% in September
IMF forecasts consumer prices in Serbia will increase by 12.4% in 2023 but slow to 5.3% in 2024.
Fossil fuel subsidies on the rise
According to calculations by the International Monetary Fund (IMF), $7 trillion were spent on direct and indirect subsidies for fossil fuels in 2022.
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CBR reiterates hawkish stance as Russia’s inflation hits 6%
Annual inflation in Russia amounted to 5.9% as of October 2, coming close to breaching the full-year target of the Central Bank of Russia of 6%-7% (chart), Tass reported citing the address of the CBR’s Deputy Governor Alexey Zabotkin to the Duma.
Wheat prices edge lower as Russian exports expected to slow
Chicago wheat futures dipped on October 9 as export prices in major supplier Russia fell further, on expectations of slowing Russian grain exports in the rest of the year, reports Hellenic Shipping News.
Slovak industrial production increased by 4.6% y/y in August
Only 6 of the 15 sectors of Slovak industry registered a higher performance y/y, underscoring the fluctuating developments in Slovakia’s key economic segment.
IMF expects subdued growth as 'tightening starts to bite'
The International Monetary Fund (IMF) published its latest update on the state of the world economy on Tuesday, predicting sluggish growth for 2023 and 2024, as many challenges persist and policy tightening is taking effect.
Disinflation continues in Hungary as food price inflation drops to 15%
Consumer prices in Hungary rose 12.2% year-on-year in September, slowing from 16.6% in the previous month.
Moldova’s inflation further eases to 8.6% y/y in September
Annual inflation in Moldova peaked at 34% y/y in July-October 2022, followed by sharp deflation for the last year.
Russia’s external debt falls 10.5% to $343.3bn year to date
As of June 30, 2023, external debt of the Russian Federation amounted to $343.3bn, having decreased by 10.5% since the end of 2022, the Central Bank of Russia (CBR) said in its latest bulletin on October 10.
IMF upgrades Russia's 2023 growth to 2.2%, but downgrades 2024 to 1.1%
The International Monetary Fund upgraded Russia’s economic growth outlook for 2023 but downgraded it for 2024, according to its latest World Economic Outlook report.
Czechia’s September 6.9% y/y inflation is lowest since December 2021
The growth of the Czech consumer price indices slowed to 6.9% year on year and decreased by 0.7% month on month in September.
Czech industrial output dropped by 1.7% y/y in August
Czech industrial production decreased by 1.7% year on year and increased by 0.2% month on month, moderating the y/y drop in August, while most of the industrial sectors yielded negative figures.
Czech unemployment stayed at 3.6% in September
It is also 0.1 percentage point up year on year. Czechia’s unemployment level remained the lowest in the EU, while there is still demand for manual workers and seasonal workers, the Labour Office reported.
Ukrainian inflation down to 7.1% in September
Consumer prices in Ukraine by the end of September fell to 7.1%, down from 8.6% at the end of August and a significant drop from July's 11.3% as inflation begins to cool, Ukrstat reported on October 9.
ING: Hungary’s budget challenges are far from over
The budget generated a small surplus in September, which will be a short-term sticking plaster. The latest upward revision in the official deficit target underscores the remaining challenges .
Ukraine's GDP growth accelerates to 5.3% in 9M23
Ukraine's Ministry of Economy estimates the economy grew by 5.3% in the first nine months of 2023 as the country switches from crisis to recovery, Interfax Ukraine reported on October 9.
Hungary’s industry disappoints in August
Output of Hungary's industrial sector fell 5.3% year-on-year in August, following a 2.6% decline in the previous month.