Emerging Europe Economics Update Window for further Hungarian rate cuts is closing 26th May 2015 · 1 min read
Europe Commercial Property Update Hungarian property capital values ready for lift-off The Hungarian economy stands to see above-trend growth rates in the coming years, supporting occupier demand. With the prospects for rental values turning positive, yields look cheap on a historical... 13th May 2015 · 1 min read
Emerging Europe Data Response Hungary, Romania & Slovakia GDP (Q1) The stronger-than-expected preliminary first quarter GDP estimates out of Hungary, Romania and Slovakia are particularly encouraging in light of the slowdown in the German economy. All in all, the... 13th May 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (Mar.) & Hungary CPI (Apr.) The stronger-than-expected 4.7% y/y rise in Turkish industrial production in March provides much-needed good news for President Erdogan ahead of next month’s election. But even so, growth in industry... 8th May 2015 · 1 min read
Emerging Europe Data Response Czech & Hungary Industrial Production (Mar.) March’s industrial production data from the Czech Republic and Hungary show that both economies ended the first quarter on a strong note. Indeed, these data, put together with the latest retail sales... 7th May 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Apr.) April’s raft of manufacturing PMIs in Emerging Europe, released today and yesterday, suggest that conditions in the Russian and Turkish industrial sectors improved a little at the start of the second... 5th May 2015 · 1 min read
Emerging Europe Chart Pack Russia’s economy slumps, growth weakens in Turkey The region’s two largest economies – Russia and Turkey – have continued to struggle over the past month. Russia’s economy appears to have contracted sharply by around 3% y/y in Q1. Meanwhile, we... 27th April 2015 · 1 min read
Emerging Europe Economics Update Hungarian MPC signals further easing to come The communiqué accompanying today’s decision by the Hungarian National Bank to cut its two-week deposit rate by 15bp, to 1.80%, was very similar to last month’s and clearly indicated that another... 21st April 2015 · 1 min read
Emerging Europe Economics Focus Brightening outlook for Central European consumer markets Following a torrid few years after the global financial crisis, Central European consumer spending has started to recover gradually over the last eighteen months and there are reasons to expect this... 14th April 2015 · 1 min read
Emerging Europe Economics Update Hungary’s Sunday trading ban symbolic of reform backsliding The decision taken by the Hungarian government to ban Sunday trading is unlikely to have a major impact on the economy at an aggregate level. But as we explain in this Watch, it may lead to a shift in... 9th April 2015 · 1 min read
Europe Commercial Property Update Will stronger industrial output drive CE industrial rental growth? A combination of strengthening industrial output and further growth in the logistics sector will underpin industrial rental levels in Central Europe this year and allow them to pick up from 2016. 2nd April 2015 · 1 min read
Europe Commercial Property Update Bucharest industrial capital values set for strong growth A more balanced economy and improvements in public institutions have reduced the risk of investing in Romania. And, given that industrial yields remain close to 10% despite strong levels of activity... 26th March 2015 · 1 min read
Emerging Europe Chart Pack Central Europe shaping up well at the start of 2015 Despite concerns about deflation, a recession in Russia and sluggishness in the euro-zone, the latest data out of Central Europe have been surprisingly robust. Industrial production growth has... 25th March 2015 · 1 min read
Emerging Europe Economics Update Hungary: a few more small rate cuts on the cards Having resumed its easing cycle earlier today, the Hungarian MPC made it clear that a few more small rate cuts are likely over the coming months. For now, we have pencilled in 30bp of rate cuts, which... 24th March 2015 · 1 min read
Emerging Europe Economics Update Ukrainian bonds fall further as debt talks start The start of debt restructuring negotiations in Ukraine has been accompanied by further losses on the country’s foreign currency government bonds. Meanwhile, currencies in Central Europe have weakened... 17th March 2015 · 1 min read
Emerging Europe Chart Pack Russian consumers feel the squeeze The latest data have given mixed signals on the performance of Emerging Europe’s economies. The encouraging news is that growth in much of Central Europe (particularly Poland and Hungary) seems to be... 25th February 2015 · 1 min read
