Romania’s industrial production index decreased by 1.2% y/yin September while production recorded during the first three quarters of the year contracted by 1.5% compared to the same period of 2018, statistics office INS said.
Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.
The output in the core manufacturing sector contracted by 0.9% y/y in September and by 3.0% y/y in Q3.
In the third quarter of the year (and in the ytd period), the sectors of mining and utilities performed marginally worse, posting contraction rates of 5.6% and 6.3%, respectively.
As regards specific industries, light industries contracted by double digit rates in January-September compared to the same period last year while the auto production industry increased by 1.2% y/y in January-September. Notably, the production of non-metallic minerals (including construction materials) boasted a 4.3% y/y advance.
The National Bank of Ukraine (NBU) slashed its key policy rate by two full percentage points (pp) to 13.5% on December 13 from previous level of 15.5% taking the rate to its lowest level in two years, the regulator said in a statement on December 12.
The indicator’s fall eased from a decline of 4.5% y/y in September but still marked the sixth straight month of PPI deflation.
Unemployment rate in the Czech Republic remained at 2.6% in November, based on data provided by the Czech Labour Office on December 9. The number of unemployed people has risen by 771 to 197,289 since October, the lowest November figure since 1996
Slovakia's GDP growth has slowed in the 3Q19 with GDP in fixed prices increasing by 1.3%, down by 3.3 percentage points (pp) year-on-year, the lowest growth reported since 4Q13, said the Slovak Statistics Office on December 5.
Ukraine's international reserves increased by 2.5% month-on-month to $21.9bn in November following a 0.2% m/m drop in October, according to the National Bank of Ukraine.