Inflation fears return in limelight
Higher than expected inflation dynamics in 2021 It is shortly before two years since the outbreak of the COVID-19 pandemic. However, the shockwave induced by the emergence of the pandemic…
Romanian manufacturing sector is further underperforming
Romania’s manufacturing sector has systematically underperformed it regional peers since the beginning of pandemic. Following a collapse in May, manufacturing output in Romania failed to recover in the subsequent three…
Central banks in CESEE: how much money were injected in economy?
Besides reducing the interest rates, central banks in the Central and Southeastern Europe stepped in to fight the adverse effects of pandemic (1) by purchasing government securities and (2) by…
Supply chains disruptions have a strong negative impact on output of automotive industry
Supply chains disruptions (semiconductor chips crisis) had a strong negative impact on activity of automotive industry in Europe. As compared with October 2020, production has fallen by 20% in Germany…
Romania: clear undeperformance for manufacturing and goods exports
Romania’s manufacturing sector clearly underperformed its regional peers during the pandemics as (1) gross value added (GVA) contraction during the lockdown was more severe, and (2) recovery proceeded at a…
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…
Nicolae Covrig
Telling pasionate stories about economy
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