Data
Kazakhstan’s service sector activity expands at fastest rate in nearly three years in May, PMI data shows
At the same time, business sentiment hits six-month low, job shedding continues.
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Czech inflation accelerates to 2.8% y/y in May, according to flash estimate
Growth of consumer price indices (inflation) accelerated to 2.8% year on year, according to the flash estimate released by the Czech Statistical Office.
Russian services sector posts 52.2 in May, strongest growth since January, but job cuts and low confidence persist
Russia’s services sector PMI expanded at its fastest rate since the beginning of the year in May says S&P Global. However, the rebound was accompanied by falling employment levels and falling optimism.
Analysts forecast meagre growth for Hungary after disappointing Q1 GDP data
Hungary’s economy has struggled to regain momentum since mid-2022, alternating between marginal gains and contractions.
Turkey's official inflation falls to 35% y/y in May
Independent economists calculate 74%.
Record number of Russians want the war to end
A record number of Russian citizens now want the war to end, according to a new poll by the independent pollster, the Levada Center, the Moscow Times reported on June 3.
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Ukraine’s banks continue strong performance in 2025
Ukraine’s banks continue to show resilience in war-time conditions, posting healthy profits for 2024 and the first four months of 2025 and continuing to reduce their holdings of non-performing loans (NPLs).
Polish GDP records solid 3.7% y/y growth in Q1
Poland's GDP grew by 3.7% year on year in the first quarter of 2025, easing by 0.2pp against the preceding quarter, seasonally adjusted preliminary data released by the statistical office GUS showed on June 2.
Polish PMI suffers biggest decline in nearly three years in May
Poland's Purchasing Managers' Index dropped sharply to 47.1 in May from 50.2 in April, marking the steepest monthly decline in nearly three years.
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PMI shows Turkey’s manufacturing declined for 14th month in a row in May
“Softening demand environment central to latest moderation of business conditions”, says index compiler S&P Global.
Russian overdue mortgages double in 3M25 – CBR
The volume of overdue debt on mortgage loans increased by 9.6% in a month, the amount of bad mortgage has almost doubled (+96%) over the first three months of this year, the Central Bank of Russia reports.
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Czech PMI drops to 48 in May, returning to downward trajectory
The Czech manufacturing PMI index compiled monthly by the S&P Global market intelligence company posted 48 in May, in a disappointing drop from 48.9 in April, when PMI posted its highest since 2022, and ended the upward trajectory from recent months.
Russia’s manufacturing PMI back in the black at 50.2 but only just
Russia’s manufacturing sector PMI returned to marginal growth in May after two months of contraction, according to the latest Purchasing Managers’ Index data from S&P Global, published on May 31.
India overtakes Japan to become world's fourth largest economy in nominal terms
The size of India’s economy has overtaken Japan’s to become the fourth largest economy in the world in nominal terms, worth $4.34 trillion.
Uzbekistan’s headline inflation drops to 8.7% in May from 10.1% in April
The monthly rate, however, rose sharply to 1.5%.
Turkey's official annual GDP growth cools to 2% in 1Q
Despite seeming to overcome the Imamoglu and Trump tariff market stress, it appears officials do not feel empowered enough to move on aggressively.
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Czech GDP increases by 2.2% y/y in Q1 after refinement
Czech statisticians refined the growth of the country’s gross domestic product to 2.2% year on year in the first quarter of this year, which is an improvement on the 2% preliminary estimate from last month.
Polish CPI growth eases to 4.1% as room expands for deeper interest rate cuts
Poland’s CPI eased to 4.1% year on years in May from 4.3% y/y the preceding month, the country’s statistical office GUS said in a flash estimate on May 30.
Uzbekistan’s university enrolment soars fivefold in 10 years
Figure of 1.4mn a boost to country's plans to develop human capital to support economic diversification and growth.
Poland’s GDP per capital more than doubles since joining the EU – OWID
In May 2004, ten countries joined the European Union in its largest expansion. These new members entered the EU’s internal market, allowing the free movement of goods, services, capital and people.