First data on GDP growth in the third quarter

Hungary and Czechia will publish flash estimates of GDP growth in the third quarter. In Hungary, the likelihood that the economy contracted on a q/q basis is quite substantial, while in Czechia, we believe that private consumption should drive economic expansion in 3Q. For the region, it will be important to see how the Eurozone developed in the third quarter as well (due Wednesday). Further, flash inflation estimates will be published in Croatia, Poland, and Slovenia, as well as in Slovakia within the HICP flash inflation release for the Eurozone. Other than that, we will see the performance of the retail and industry sectors in September in Croatia, Serbia, and Slovenia. Finally, on Friday, manufacturing PMIs for October will be released for Czechia, Hungary, and Romania. Last week's flash Eurozone PMIs showed a slight improvement, but remained in contraction territory.