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Amid mounting issues with a lack of equipment, materials and labour, industry was able to maintain a high level of production in June
Retail sales in June posted the strongest monthly based growth in a year, as reopening and tourism – helped by EURO 2020 – boosted consumption
Wage growth slowed a tad in May, but still remained strong. Labour shortages have already impacted wages in some sectors
Look out for increased FX purchases in Russia, signs of strong economic activity in Hungary, and persistent inflation in Turkey
The reopening in June brought a significant increase in participation and employment, thus the unemployment rate remained stable. The quickly depleting…
Dollar crosses should stay range-bound today, ahead of the July FOMC tomorrow. Globally, the focus today is on the IMF's interim update of its World…
With an upside surprise to June inflation, we see the National Bank of Hungary delivering a 30bp effective rate hike. The forward guidance and tone should…
Equity markets continue to bounce back from Monday’s heavy losses and despite signals from the US bond market, there are no widespread signs of…
Russian retail sales and a possible rate hike in Hungary will be this week’s highlights
We're expecting at least a 75bp rate hike in Russia on Friday and it could be even bigger given the near-term inflationary risks. But moderating food…