Key events in EMEA and Latam next week
A quiet week in EMEA and Latam aside from central bank meetings from Kazakhstan and Brazil - but do keep an eye out for confidence readings in the Czech Republic along with wages numbers in Hungary
Czech Republic: Still little confidence
Czech industrial confidence fell in October, reaching the lowest level since mid-2013. Given also the stagnation of October manufacturing PMIs in Germany and Eurozone, the Czech October PMI is likely to remain close to 45 points or slightly below, i.e. remaining below the 50 points threshold eleven months in a row
Hungary: Quiet week apart from wages
The next week in Hungary contains only minor data releases. Among them, the most interesting could be wage growth. We see a significant increase in wages, but it is mainly due to the low base of last year caused by a drop in premiums and one-month bonuses in August 2018. Despite the double-digit wage growth, overall economic sentiment will follow the previous declining trend and expected to retreat mainly on the back of lowering business confidence, fitting the pan-European picture.
EMEA and Latam Economic Calendar
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