Emerging Europe Data Response Manufacturing PMIs (August) The PMIs for August suggest that manufacturing conditions have softened in Q3 as output and new orders fell further from their recent highs. More than anything, it looks like conditions are... 1st September 2021 · 2 mins read
EM Markets Chart Pack China’s growth slowdown may hold back EM equities We think slower growth in China will continue to weigh on the country’s stock market, as well as those of some other emerging markets (EMs). 27th August 2021 · 8 mins read
Emerging Europe Chart Pack Inflation pressures mount as activity rebounds Recoveries across Emerging Europe accelerated in Q2 as the easing of virus restrictions pushed GDP to, or above, pre-pandemic levels in most countries and we think this momentum will continue in Q3... 26th August 2021 · 16 mins read
Emerging Europe Economics Update Will supply constraints hold back the recovery in CEE? Intermediate goods shortages and pandemic-related supply constraints across Central and Eastern Europe (CEE) are not going to disappear overnight and may hold back the pace of recovery in certain... 25th August 2021 · 4 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Retail rental falls still on the cards In line with the economic recovery, there were growing signs that property markets have turned a corner in Q2. All-property rents rose on the quarter, while the all-property yield dipped on the back... 24th August 2021 · 6 mins read
Emerging Europe Data Response Central & Eastern Europe GDP (Q2 2021) The Q2 GDP data for Central and Eastern Europe revealed that the regional recovery gathered pace last quarter as economies reopened following virus waves in Q1. We expect the recovery to remain strong... 17th August 2021 · 3 mins read
Emerging Europe Economics Update Hawkish CNB flags faster pace of monetary tightening The Czech National Bank (CNB) raised its two-week repo rate by 25bp to 0.75% at today’s meeting, and its communications signalled that policymakers will raise rates more quickly than they had... 5th August 2021 · 3 mins read
Emerging Europe Data Response Manufacturing PMIs (July) The PMIs for July suggest that supply chain disruptions weighed on output in Czechia and Poland and continued to put upward pressure on prices. Meanwhile, the releases suggest that manufacturing... 2nd August 2021 · 2 mins read
Emerging Europe Data Response Czech GDP (Q2 2021) The disappointing 0.6% q/q expansion of Czech GDP in Q2 suggests that industry may have fared worse than expected as input shortages took a greater toll on output. With virus restrictions easing... 30th July 2021 · 2 mins read
Emerging Europe Chart Pack Activity rebounding as economies re-open The region’s economies have continued to rebound strongly over the past month as virus outbreaks have largely been contained and restrictions have been lifted. Surveys of sentiment in the services... 28th July 2021 · 13 mins read
Emerging Europe Economic Outlook Strong recovery, but inflation a lasting concern Rapid recoveries are underway across the region and GDP should return close to its pre-pandemic path sooner than in most other EM regions. While the spread of highly transmissible virus strains poses... 21st July 2021 · 28 mins read
Emerging Markets Economics Chart Pack Shifting towards rate hikes Falling virus cases, strong economic recoveries and/or inflation worries prompted several more EM central banks – those of Czechia, Chile, Hungary and Mexico – to tighten monetary policy in the past... 15th July 2021 · 11 mins read
Emerging Europe Data Response Manufacturing PMIs (June) The PMIs for June suggest that manufacturing sectors strengthened in Turkey, Czechia and Poland but weakened in Russia. Meanwhile, in Czechia and Poland, supply chain disruptions intensified, and... 1st July 2021 · 2 mins read
Emerging Europe Economics Weekly Turkey’s quick turnaround, Russia’s latest intervention The sharp improvement in Turkey’s virus situation has brightened the near-term outlook and presents a risk to our view that the central bank will start an aggressive easing cycle in the coming months... 25th June 2021 · 5 mins read
Emerging Europe Chart Pack Recovery takes hold and inflation pressures build Economic activity across Emerging Europe is rebounding strongly now that virus waves have passed and restrictions have been lifted. The recovery in Q2 looks to have been strongest in Russia, Israel... 24th June 2021 · 15 mins read
Emerging Europe Economics Update CNB starts lift-off, aggressive tightening cycle in store The Czech National Bank (CNB) raised its two-week repo rate by 25bp to 0.50% at today’s meeting and the accompanying communications support our view that this marks the start of what will be the most... 23rd June 2021 · 3 mins read
