Inflation and flash GDP numbers

CEE Insights , 11. Nov.
Inflation and flash GDP numbers
Inflation and flash GDP numbers
This week in CEE

This week, two sets of data are of high importance. First, we will see October inflation in Czechia, Hungary, Romania, Slovakia, and Serbia. In Czechia, Hungary, and Slovakia, we expect inflation to increase, which is a development that we anticipate happening toward the end of the year. In Romania and Serbia, we see headline inflation declining further. Second, we will see flash estimates of 3Q24 GDP growth in Poland, Romania, Slovakia, and Slovenia. We expect all economies to have expanded in the third quarter. Furthermore, industrial output growth for September will be published in Romania and Slovenia. Wage growth data is due in Romania and Slovakia. Finally, current account and trade data will be released in Romania, Serbia, and Poland.

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FX market developments

Bond market developments

In case you missed
CEE: Some of the CEE countries managed to avoid recession. Labor market untouched by slowdown HR: Technical recession, but brighter outlook. We revise our growth forecast up to 1.0% in 2023. RO: Slow road to recovery for manufacturing. 4Q22 GDP in line with expectations. January inflation surprised to downside SK: Change of price lists in services. Labour market still on a positive trajectory with solid economic growth at the end of the year. Fitch affirmed Slovakia’s A with negative outlook. SI: 4Q22 GDP growth decelerating to 0.2% y/y