Flash Notes
Consumer inflation records a slight uptick in September
Headline inflation rose to 4.5% year-on-year (y/y) in September from 4.4% in August, coming in below our and market expectations of 4.7%. Monthly pressure was 0.4% month-on-month (m/m), mainly driven by fuel and core inflation.
26 October 2026
Flash Notes
Manufacturing output reflects a good start to 3Q26
Following a disappointing performance in manufacturing production in 2Q26, activity rebounded at the start of 3Q26. Non-seasonally adjusted manufacturing output increased by 1.1% year-on-year (y/y) in July, after three consecutive months of annual contraction. The outturn was significantly better than the Bloomberg consensus projection of a 2.0% contraction. Six of the ten manufacturing divisions recorded increases in production, while four recorded decreases.
10 September 2026
Flash Notes
Mining weakness deepens at the start of 3Q26 despite resilient mineral sales
10 September 2026
Flash Notes
Manufacturing output remains challenged
Manufacturing output weakened further in June, reflecting subdued demand conditions and supply-side challenges, with elevated production costs continuing to weigh on operating conditions. Non-seasonally adjusted manufacturing output declined by 1.7% year-on-year (y/y) in June, following a 4.4% contraction in May.
11 August 2026
Flash Notes
Manufacturing output remains under pressure despite monthly rebound
Manufacturing output (not seasonally adjusted) declined by 4.3% year-on-year (y/y) in May, worsening from the 2.9% decline recorded in April. The outturn was also weaker than the Bloomberg consensus expectation of a 3.1% contraction.
09 July 2026
Flash Notes
Growth momentum sustained in 1Q26, supported by financial services and agriculture
09 June 2026
Flash Notes
Manufacturing output improves slightly in March
Manufacturing output (not seasonally adjusted) increased slightly by 0.9% y/y in March, reflecting a rebound from a 2.3% contraction (previously -2.8%) in February. This marked the first monthly annual increase following four consecutive months of negative growth.
12 May 2026
Flash Notes
Consumer inflation records a slight uptick in September
Headline inflation rose to 4.5% year-on-year (y/y) in September from 4.4% in August, coming in below our and market expectations of 4.7%. Monthly pressure was 0.4% month-on-month (m/m), mainly driven by fuel and core inflation.
26 October 2026
Flash Notes
Manufacturing output reflects a good start to 3Q26
Following a disappointing performance in manufacturing production in 2Q26, activity rebounded at the start of 3Q26. Non-seasonally adjusted manufacturing output increased by 1.1% year-on-year (y/y) in July, after three consecutive months of annual contraction. The outturn was significantly better than the Bloomberg consensus projection of a 2.0% contraction. Six of the ten manufacturing divisions recorded increases in production, while four recorded decreases.
10 September 2026
Flash Notes
Mining weakness deepens at the start of 3Q26 despite resilient mineral sales
10 September 2026
Flash Notes
Manufacturing output remains challenged
Manufacturing output weakened further in June, reflecting subdued demand conditions and supply-side challenges, with elevated production costs continuing to weigh on operating conditions. Non-seasonally adjusted manufacturing output declined by 1.7% year-on-year (y/y) in June, following a 4.4% contraction in May.
11 August 2026
Flash Notes
Manufacturing output remains under pressure despite monthly rebound
Manufacturing output (not seasonally adjusted) declined by 4.3% year-on-year (y/y) in May, worsening from the 2.9% decline recorded in April. The outturn was also weaker than the Bloomberg consensus expectation of a 3.1% contraction.
09 July 2026
Flash Notes
Growth momentum sustained in 1Q26, supported by financial services and agriculture
09 June 2026
Flash Notes
Manufacturing output improves slightly in March
Manufacturing output (not seasonally adjusted) increased slightly by 0.9% y/y in March, reflecting a rebound from a 2.3% contraction (previously -2.8%) in February. This marked the first monthly annual increase following four consecutive months of negative growth.
12 May 2026
Disclaimer
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