Romania: real GDP has already reached the pre-pandemic level
Following the strong advance of 2.8% in Q1 2021 from Q4 2020, Romania’s real GDP has already reached the pre-pandemic level from Q4 2019.
CESEE and Euro area: recovery status for retail sales and industrial output
Industrial output and retail sales (excluding fuels) showed divergent dynamics over the past year across the CE/SEE and major Euro area economies: very good performance was recorded in Poland and…
Romania: industry was a weak link for economic recovery
In Romania, industrial output recorded a sharp contraction during the lockdown in the Spring of 2020. Subsequently, the recovery has progressed at a slower pace when compared with the other…
Romania: strong performance of retail sales during the pandemic
For Romania, retail sales of food goods and non-food goods (excluding fuels) rebounded rapidly following the last year’s lockdown. They continued on a solid upward trend subsequently. In terms of…
EU: fast increase in prices of consumer goods at factory gates during Q1 2021
Producer prices for consumer goods delivered to domestic market increased rapidly during Q1 2021 across most of EU member countries. Two key questions arise:(1) are these large price increases from…
Retail sales in Europe: picture changes radically from North to South
COVID-19 pandemic outbreak has clearly revealed the big structural differences between the economies in the Northern Europe and those in the Southern Europe. So, countries in the Northern Europe showed…
Romania: good performance of both public and private investments in 2020
Investments’ performance was quite strong in Romania in the first three quarters of 2020, as increases were recorded both in the public and the private sector as compared with 2019….
Romania: low level of consumption of services bodes well for Q4 GDP data
Tighter COVID-19 containment measures in place in Q4 2020 should have a lower negative impact on the performance of Romanian economy as compared with those of the other EU member…
Romania: prices for consumption goods increase rapidly at factory gates
In Romania, producer prices for non-durable consumer goods delivered to domestic market increased by 3.8% in November 2020 from November 2019. This was the second fastest advance in the EU….
Romania: HoReCa companies are operating deep below normal levels
Activity in tourism and turnover of restaurants and hotels plunged due to COVID-19 outbreak and it has not yet recovered. Such kind of companies are currently operating much below pre-crisis…
Nicolae Covrig
Telling pasionate stories about economy
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