Data
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.
_change_y_y__(1)_1696801198.png)
Czech August retail sales decreased by 2.8% y/y and by 0.8% m/m
Retail sales in Czechia in August decreased by 2.8% year-on-year and by 0.8% month-on-month amid worries about the worsening economic situation.
Russian farms take in 133.5mn tonnes of grain, on course for 135mn tonnes total
Russian agricultural producers have harvested over 133.5mn tonnes of grain as of October 5, which is 15mn tonnes less than in same period last year, the Ministry of Agriculture said, reports Tass.
Serbian central bank keeps policy rate unchanged
NBS notes alleviation of global inflationary pressures and the downward trajectory of domestic inflation.
Romania’s retail sales lost momentum in 2023
The retail sales volume index slowed to a 0.6% y/y annual growth rate in August after robust post-covid rally.
No turnaround seen in performance of Hungary’s retail sector in August
Sales fell for the ninth straight month in annual terms and for the second time in a row on a monthly basis.
Poland’s central bank cuts rates in line with expectations
NBP may now administer one more cut of 25bp in November before falling back into a wait-and-see mode.
_6_1696492003.jpg)
Kazakh services PMI shows solid expansion in September
Business activity reading improved to 52.3, up from six-month low of 50.2 registered in August.