Economic Snapshot for the CIS Countries
October 6, 2021
CIS Plus GDP to rebound in 2021
The CIS Plus economy should recover strongly this year, amid the release of pent-up consumer demand and as a sturdier external backdrop boosts regional exports. Moreover, rekindled domestic activity in heavyweight Russia should translate into healthier remittance inflows for smaller economies. Geopolitical tensions and new Covid-19 strains cloud the outlook, however.
Regional inflation to peak
Regional inflation rose to 7.4% in August (July: 7.2%), marking the highest reading since our records began in 2018. The acceleration was broad-based, with just Kyrgyzstan posting a decrease in inflation from the previous month. Regional inflation should peak by the end of the year and gradually moderate next year on cooling demand growth and easing supply constraints.
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CIS Countries Economic News
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Russia: Merchandise exports rise at a softer pace in August
October 14, 2021
Merchandise exports shot up 85.3% annually in August.
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Russia: GDP growth revised upwards for Q2
October 4, 2021
The economy grew 10.5% year-on-year in the second quarter of 2021, according to a third national accounts estimate.
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Russia: Manufacturing PMI rises in September
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 49.8 in September, up from August's 46.5.
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Kazakhstan: Inflation hits new high in September
October 1, 2021
Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August.
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Ukraine: Industrial output growth quickens in August
September 22, 2021
Industrial output grew 0.6% year-on-year in August (July: +0.2% yoy).
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