Polish PMI index has the highest grow in 6 months. Industrial prices are up 0.1 per cent

Food processing plant in Dobczyce, Poland (Marcin Bajer, CC BY-NC)

Bulgaria strengthens economic cooperation with the United Arab Emirates

Hungarian sellers of e-cigarettes will have to pay the fee of EUR1,543

Lithuania: new car market up 22 per cent y/y

Poland

The Purchasing Managers’ Index (PMI) of Poland stood at 52.2 in September 2016. This is the highest growth in six months – the Polish Radio informs. The radio quotes the press release of the IHS Markit: “Growth rates for output and new business both picked up to the highest since March, supported by rising exports. Manufacturers also cleared out backlogs of work and stocks of both finished goods and inputs. Despite the acceleration in activity, employment rose at the slowest rate in over two years. Meanwhile, inflationary pressures remained muted with input prices rising only fractionally and prices charged for manufactured goods falling further”. 

Poland was also „one of just a handful of European Union countries to see a rise in industrial prices in August 2016”. It grew 0.1 per cent over the month. Among other EU countries increases were observed only in the United Kingdom (+1.4 per cent), Malta (+1.0 per cent) and Sweden (+0.7 per cent). The data from Eurostat shows decreases in Luxembourg (-7.1 per cent), the Netherlands (-6.6 per cent), Croatia (-5.0 per cent) and Slovakia (-4.9 per cent). The EU average rate was -0.2 percent, as reported by the Polish Radio.

More on the PMI index

More on the industrial prices

Bulgaria

The governments of Bulgaria and the United Arab Emirates want to boost an economic and a technical cooperation. The portal Novinite.com informed that a draft agreement has been approved by the governments. 

„Under the document adopted on October 4th, the countries will work to promote the role of SME in economic relations. It will also pave the way for Bulgaria and UAE to organize business visits, exhibitions and fairs,” the portal writes. Bulgarian exports to the UAE reached BGN416.7m (EUR212m). It decreased from BGN529m in 2014.

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Hungary

The sellers of e-cigarettes will be obliged to pay the fee of HUF475,000 (EUR1,543).  Special fees will be paid for every brand and strength of nicotine and nicotine-free e-cigarette, as well as refill cartridges. Revenues from the fees will go to the National Institute of Pharmacy and Nutrition (OGYEI). This is all based on a decree published in the latest issue of the official gazette Magyar Közlöny.

The Budapest Business Journal reports this is „another step in further regulating the market”. The Hungarian government is foreseen to levy many new fees on retailers and sellers of electronic cigarettes from November 2016. Additionally, businesses will be forced to pay a HUF306,000 fee per item, for any modifications to the range of products they sell.

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Lithuania

The sale of new cars in Lithuania grew by 22 per cent y/y in the period January 2016-September 2016. The Baltic Course informs a total of 17,800 new cars were registered in the country. „In September alone, new car registrations rose by an annual 13 per cent to 1,945 units, with the number of new personal cars up by 12 per cent to 1,721 and that of commercial vehicles by 25 per cent to 240 units,” the portal reads.

The number one car producer is Fiat with 315 new cars registered. Toyota ranks 2nd and Volkswagen 3rd.

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What’s up in indexes

BUX (of Budapest) increased from 28012.37 index points Monday, October 3rd to 28570.99 index points Tuesday, October 4th. So it’s up 1.99 per cent d/d. From year-end it’s up 19.44 per cent.

BET (of Bucharest Stock Exchange) increased from 6956.48 index points Monday, October 3rd to 6978.96 index points Tuesday, October 4th.  So it’s up 0.32 per cent d/d. From year-end it dropped by 0.33 per cent.

PX (of Prague) increased from 858.59 index points Monday, October 3rd to 875.13 index points Tuesday, October 4th. So it’s up 0.75 per cent d/d. From year-end it dropped by 8.49 per cent.

WIG20 (of Warsaw) increased from 1725.44 index points Monday, October 3rd to 1754.04 index points Tuesday, October 4th. It’s up 1.66 per cent d/d. From year-end it dropped by 5.65 per cent.

OMXT (of Tallinn) was up 0.27 per cent d/d and up 11.74 per cent from year-end. It increased from 1001.83 index points Monday, October 3rd to 1004.56 index points Tuesday, October 4th.

OMXR (of Riga) was up 1.25 per cent d/d and up 19.88 per cent from year-end. It increased from 715.50 index points Monday, October 3rd to 712.50 index points Tuesday, October 4th.

OMXV (of Vilnius) grew by 0.47 per cent d/d and up 12.28 per cent from year-end. It increased from 543.09 index points Monday, October 3rd to 545.66 index points Tuesday, October 4th.

SAX (od Bratislava) dropped by 1.37 per cent d/d – falling from 314.26 index points Monday, October 3rd to 309.94 index points Tuesday, October 4th. From year-end it’s up 6.02 per cent.

SOFIX (of Sofia) was up 0.48 per cent d/d and up 10.54 per cent from year-end. It increased from 507.07 index points Monday, October 3rd to 509.49 index points Tuesday, October 4th.

UX (of Kyiv) was up 2.30 per cent d/d and up 21.35 per cent from year-end. It increased from 813.63 index points Monday, October 3rd to 832.32 index points Tuesday, October 4th.

CROBEX (of Zagreb) was up 0.75 per cent – increasing from 1942.94 index points Monday, October 3rd to 1957.53 index points Tuesday, October 4th. From year-end it’s up 15.86 per cent.

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