GDP structure releases across the region

This week begins with November's PMI releases for several CEE countries. The Economic Sentiment Indicator published last week suggests a slowdown in economic activity at the end of 2024. Furthermore, the GDP breakdown for 3Q24 will be known for all CEE countries by the end of the week. Serbia will be the first to publish the GDP breakdown on Monday, followed by Hungary (Tuesday), Slovakia (Thursday), and Romania (Friday). Based on this information, we will complete the detailed CEE outlook for 2025 in the following week. As far as economic performance in the fourth quarter is concerned, Hungary, Romania, and Slovakia will release retail sales growth for October, and Hungary will publish industrial output growth at the top. We will also see other releases such as producer prices in Romania and Serbia, or the unemployment rate in Romania. We should not forget the Polish central bank meeting on Wednesday, from which we expect stability of rates. Lastly, Romania held parliamentary elections over the weekend, while Fitch Ratings will evaluate Hungary's and Slovakia's ratings and outlooks on Friday after the market closes. We believe the ratings will not change in either country.