Eastern Europe / Data
Russia’s industrial output grew 2.1% on the year in 2019 and 8.9% on the month in December
Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November
Russia's Watcom shopping index ends 2019 on five-year high as consumption recovers
The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.
Ukraine’s retail sales up 10.5% in 2019
Ukraine’s retail sales grew by a healthy 10.5% y/y in real terms in 2019, accelerating from from 5.8% y/y in 2018, Ukraine’s State Statistics Service reported on January 21.
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Russia’s gross international reserves reach $557.5bn, surpass pre-crisis peak
Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.
Slovenia ranks first in emerging Europe in social mobility
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Belarus GDP grew by 1.2% y/y in 2019
The Belarusian government forecasts the nation's GDP to increase by 0.7% y/yin the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Ukraine consumer inflation ends 2019 at 4.1%
Ukraine’s consumer prices declined 0.2% month-on-month in December from 0.1% m/m growth in November, while annual inflation slowed to 4.1% y/y from 5.1% in November
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Ukraine international reserves grew by 22% in 2019
Ukraine's reserves hit a 14 year high of $25.3bn in 2019
Russia's inflation at 3% in 2019
Russia's consumer price inflation posted 0.4% month-on-month in December 2019, translating into a 2019 full-year CPI of 3% year-on-year versus 4.3% y/y seen in 2019, according to the preliminary estimates of the Rosstat statistics agency.
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Belarus foreign reserves jump by 31% in 2019
The foreign exchange reserves of Belarus increased by $2.2bn in 2019, or 31.2% year-on-year, to $9.4bn in 2019, according to the National Bank of Belarus (NBB).
Belarus government forecast of 2.8% y/y GDP growth in 2020 met with scepticism by foreign, local economists
The Belarusian government forecasts the nation's GDP to increase by 0.7% year-on-year in the first quarter of 2020, by 1.6% y/y in the first half of the next year, 2.2% y/y in January-September, and by 2.8% y/y over the year.
Russia's PMI slows modestly in December but still ends 2019 with growth
The Russian composite PMI was lifted by the strong service sector results as usual. The Russia Composite PMI index posted a modest but still positive 51.8 in December, down slightly from 52.9 in November.