Internal demand likely to stay strong driver of Hungarian GDP growth in 2019, economy to grow 4.5 pct

Jun 14, 2019 19:40 pm UTC| Commentary

In the first quarter of 2019, the Hungarian economy had grown 5.3 percent on a year-on-year basis. Household consumption and gross fixed capital formation rose 4.8 percent and 23.4 percent year-on-year,...

EUR/PLN likely to remain on weaker side of 4.30 in H2 2019

Jun 14, 2019 19:06 pm UTC| Commentary

Appreciation potential of the Polish zloty might be restricted by global factors, according to an Erste Group Research report. For nearly one year, the EUR/PLN pair has remained in a narrow range around 4.30. The...

Czech National Bank likely to keep interest rate on hold in remainder of 2019

Jun 14, 2019 18:20 pm UTC| Commentary

Given the tight labor market and rebounded euro area data in the first quarter of 2019, the Czech National Bank had decided to hike rates in May. However, according to an Erste Group Research report, the central bank is...

U.S. industrial production rebounds in May, but trend remains weak

Jun 14, 2019 17:46 pm UTC| Commentary

U.S. industrial production improved in May, with manufacturing recording its first monthly rise in 2019. However, challenges for the factory sector remain, which should keep the industrial production trend subdued, noted...

U.S. retails sales grow strongly in May, consumer spending remains strong

Jun 14, 2019 16:38 pm UTC| Commentary

U.S. retail sales grew slightly below expectations in May. Sequentially, retail sales grew 0.5 percent as compared with expectations of a rise of 0.6 percent. The April months data was upwardly revised from a fall of 0.2...

Italian headline inflation slows down year-on-year in May on services pries

Jun 14, 2019 14:27 pm UTC| Commentary

The Italian consumer price index was null on a sequential basis in May. On a year-on-year basis, the headline inflation eased to 0.8 percent from Aprils 1.1 percent. The deceleration of the growth on annual basis of All...

French headline inflation slows down in May on downturn in services prices

Jun 14, 2019 13:38 pm UTC| Commentary

French headline inflation eases in May. On a sequential basis, the consumer price inflation slowed to 0.1 percent from Aprils 0.3 percent. This deceleration was mainly driven by a downturn in services prices. On the...