Southeast Europe / Data

Romania’s construction sector soars by 41% y/y in July

Iulian Ernst in Bucharest September 17, 2019

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.

Moldova’s GDP grows by 5.8% y/y in Q2

Iulian Ernst in Bucharest September 17, 2019

Expansion was driven by the construction sector that contributed 3.3pp to overall growth in the second quarter.

Romania’s 12-month CA deficit hits 4.9% of GDP at end-July

bne IntelliNews September 16, 2019

The current account deficit is one of the main threats to Romania’s macroeconomic sustainability with the other being the budget deficit.

Romania’s industrial output at two-year low

Iulian Ernst in Bucharest September 13, 2019

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.

Moldova’s inflation marginally up to 5.5% y/y in August

Iulian Ernst in Bucharest September 11, 2019

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.

Slovenia's industrial production up 5.1% y/y, rises 2.7% m/m in July

bne IntelliNews September 10, 2019

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.

Romania’s trade gap widens by nearly 40% y/y in July

Iulian Ernst in Bucharest September 10, 2019

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.

Construction pushes Romania’s GDP up 4.4% y/y in Q2

Iulian Ernst in Bucharest September 9, 2019

The volume of construction works surged by 31% y/y and the sector generated 21% more value added in the second quarter.

Bulgaria’s GDP expands 3.5% in 1219

bne IntelliNews September 7, 2019

Preliminary statistics office figure in line with forecasts from international financial institutions that have projected Bulgaria’s GDP growth above 3% in 2019.

Croatia records EU’s sharpest m/m decline in retail trade in July

bne IntelliNews September 5, 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.

Slovenian central bank expects slowdown in GDP growth in 2019

bne IntelliNews September 4, 2019

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.

TURKEY INSIGHT: Latest official Turkish inflation rate set to pave way for another chunky rate cut, data doubters be damned

Akin Nazli in Belgrade September 3, 2019

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”.

Croatia's industrial production increases 3.0% y/y in July

bne IntelliNews September 3, 2019

Growth rebounded in July after a contraction the previous month, and only modest growth since the start of this year.

Slovenia’s consumer price growth accelerates to 2.3% y/y in August

bne IntelliNews September 2, 2019

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.

Slovenia’s economy expands by 2.5% in 2Q19

bne IntelliNews September 2, 2019

Both imports and exports rose sharply in Q2 with a particularly strong growth in imports causing the trade balance to deteriorate.

Croatia’s GDP growth slows to 2.4% y/y in 2Q19

bne IntelliNews August 28, 2019

Despite the slowdown, 2Q19 saw the continuation of steady growth that Croatia has achieved for 20 quarters in a row now.

Albania’s net power generation plunges 53% y/y in 2Q19

bne IntelliNews August 26, 2019

Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.

Europe still has East-West divide in waste generation

bne IntelliNews August 26, 2019

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.

New loans to Romanian households down 3.6% y/y in Q2

bne IntelliNews August 23, 2019

Household borrowing weakened for the second quarter in a row, in response to the tighter lending regulations enforced by the central bank in January.