Recent Updates
- Euro area: Flash Consumer Confidence (Apr)
- Ireland: Producer & Wholesale Price Indexes (Mar)
- UK: Capital Issuance (Mar)
- Spain: Trade in Constant Prices, Trade in Goods (Feb)
- Germany: Federal Budget, PPI, Monthly Tax Revenue (Mar), Short-term Indicator (Feb), Public Sector Finance (Q4)
- Colombia: Imports (Feb); Brazil: IPCA-15 (Apr)
- Turkey: Non-Domestic PPI, House Sales, Central Government and Domestic Debt by Instrument, External Debt by Lender, Domestic
- more updates...
Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
Real GDP Slowing in Turkey, Estonia and Russia Inflation Moderating in Turkey, but Rising in Estonia and Russia
by Louise Curley December 10, 2007
Inflation trends, as measured by the year to year increase in the deflator, have been mixed as can be seen in the second chart. Inflation has been declining in Turkey but rising in Estonia and Russia. Inflation in Turkey, which recently peaked at 9.4% in the second quarter of 2006, is now down to 7.7%. Inflation in Estonia in the third quarter was 9.6%, compared with 9.5% in the second quarter and 8.6%in the first quarter. And in Russia, inflation almost doubled from 7.5% in the first quarter of this year to 13.4% in the third quarter.
by Louise Curley December 10, 2007
GROSS DOMESTIC PRODUCT (Y/Y % Chg) |
Q3 07 | Q2 07 | Q1 07 | 2006 | 2005 | 2004 |
---|---|---|---|---|---|---|
TURKEY | ||||||
Real | 1.51 | 4.05 | 6.79 | 6.15 | 7.36 | 9.01 |
Nominal | 9.34 | 12.84 | 16.06 | 14.75 | 12.59 | 19.09 |
Deflator | 7.71 | 8.45 | 8.66 | 7.93 | 4.99 | 9.36 |
ESTONIA | ||||||
Real | 6.38 | 7.56 | 10.10 | 11.19 | 10.15 | 8.26 |
Nominal | 16.57 | 17.77 | 19.68 | 18.06 | 16.99 | 10.23 |
Deflator | 9.62 | 9.49 | 8.65 | 6.18 | 6.20 | 1.82 |
RUSSIA | ||||||
Real | 7.65. | 7.77 | 7.90 | 6.71 | 6.37 | 7.15 |
Nominal | 22.13 | 20.89 | 19.97 | 23.87 | 26.82 | 28.23 |
Deflator | 13.45 | 12.19 | 7.49 | 16.09 | 19.20 | 19.97 |