Eventful week in most of the CEE countries

Several CEE countries will see important data release. Let’s begin with Poland, as this week will be release-heavy, with retail, industry, producer prices and wage growth at the beginning of the week as well as 3Q24 GDP structure and flash estimate of November’s inflation at the end of the week. Inflation in November should be about 4.7% y/y, mostly thanks to a slight base effect. Further Croatia and Serbia have a busy week ahead as well. In Croatia, GDP release for the 3Q24 will be published including the structure. We expect solid growth dynamics and Croatia to outperform other countries in the region. Flash estimate of November’s inflation should show a slight increase of headline number to 2.5% y/y. At the top of that, industrial output and retail sales for October will be published and we see both sectors expanding in October. In Serbia retail and industry sectors should expand in October as well. Slovenia will release flash inflation that we expect around1% y/y. In Czechia, the GDP structure will be published. In Slovakia producer prices are due this week. Finally, in Hungary and Romania there are no major macro release but there are important events coming. Hungary will be revised by Moody’s on Friday after market closes. We do not expect any change from this rating agency, however. Romania has entered the series of the weekends during which Romanians will cast their votes in presidential and parliamentary elections. Over this weekend the 1st round of presidential elections took place.