Civil engineering works returned to normal levels after two disappointing years, while work on residential projects doubled from the levels seen in the years after the recession.
Expansion was driven by the construction sector that contributed 3.3pp to overall growth in the second quarter.
The current account deficit is one of the main threats to Romania’s macroeconomic sustainability with the other being the budget deficit.
Industrial growth has remained feeble since the beginning of the year, but broken down by segment the figures indicate a shift towards higher value production.
Food prices (up 8.4% y/y in August) have been and will remain until the end of the year one of the key inflationary drivers in Moldova.
The growth accelerated due to the higher output in the key manufacturing industry, despite the fall in the mining and quarrying and electricity, gas, steam and air conditioning sector.
The July figures might overstate the diverging dynamics of exports and imports, but trend data confirm that exports are slowing at a significantly steeper rate than imports.
The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.
Preliminary statistics office figure in line with forecasts from international financial institutions that have projected Bulgaria’s GDP growth above 3% in 2019.
Croatia recorded the sharpest month-on-month decline in retail trade turnover across the EU in July compared to the previous month, a new report from Eurostat said.
Lack of improvement externally coupled with declining confidence in domestic economy mean economic growth is expected to remain subdued this year, the Bank of Slovenia said.
Extent of disinflation raises eyebrows. Opposition says national statistics agency “should do the nation a favour and announce the addresses of where it takes the prices from”.
Growth rebounded in July after a contraction the previous month, and only modest growth since the start of this year.
The greatest impact on annual inflation in August was from higher prices of goods and services in the housing, water, electricity, gas and other fuels sector.
Both imports and exports rose sharply in Q2 with a particularly strong growth in imports causing the trade balance to deteriorate.
Despite the slowdown, 2Q19 saw the continuation of steady growth that Croatia has achieved for 20 quarters in a row now.
Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.
Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.
Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.