The growth in the volume of construction works in Romania accelerated to 35.4% y/y in Q3, as the sector turns into a significant growth driver.
Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.
Romania’s exports of goods increased by only 0.5% y/y to €17.0bn in Q3, which was the weakest performance in the past seven years.
Despite strong sales performance of past two months, auto sales still 32% lower in first 10 months of 2019 year on year.
“Not sure many people locally believe the data,” says one analyst. “I wouldn't be buying the mkt regardless. Too much $hit flying round,” remarks another.
The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.
Slovenia is a rare example of a Southeast European country whose population is growing, in a region where most countries are experiencing a population decline driven by mass emigration.
Number of deals remained steady in Q3 though volume down after unusually high M&A activity in the same quarter last year. Deloitte points to strong pipeline of deals set to close in the coming months.