Macroeconomic Monitor

(Click on the infographic for a larger size) Data source: NSI Commentary After accelerating growth in the first two months of the year, in March there was a slowdown in both production and sales in the industrial sector. Interestingly, according to NSI data, this time there is a greater burden of …

Source: NSI Comment: In March, consumer price inflation continued to accelerate and reached 3.60% on an annual basis, compared to 3.22% in February, according to the latest NSI data. The most serious growth is already being reported in the prices of food products and non-alcoholic beverages, which reach 5.61%, while prices for entertainment …

(Click on the infographic for a larger size) Data source: NSI Commentary As seen from the latest data, in February the growth of industrial production and sales accelerated for the second consecutive month after the decline reported in December. Looking at the data, it may seem that the risks in the sector have subsided, but alas, this …

Source: NSI Comment: In February, consumer price inflation accelerated to 3.22% on an annual basis from 2.96% in January, according to the latest NSI data. The most serious growth continues to be reported in prices in the "entertainment and culture" category, although in February there was a slowdown compared to the inflation reported in the previous month ...

(Click on the infographic for a larger size) Data source: NSI Commentary After the record decline in the last few years in December, the industrial sector returned to growth in the first month of 2019, both in terms of production and sales. In last month's commentary, we mentioned that …

Source: NSI Comment: In the first month of 2019, consumer price inflation accelerated to 2.96% year-on-year from 2.67% in December, according to the most recent NSI data. Prices in the "entertainment and culture" category increased at the highest rate (8.35%), while the largest decline was recorded in transport prices …

(Click on the infographic for a larger size) The negative developments in the industrial sector over the past two months are most likely due to the deterioration in industrial activity in countries like Germany, which is our main trading partner (more on this in the comment below). Data source: NSI Comment After in …

Regarding industrial production – Industrial production growth remained almost unchanged in November at 1.23% year-on-year. The breakdown of production by sector also shows no significant change compared to October. Only in the mining industry did the decline in production slow down to 2.57% in November from 7.18% in October. …

Regarding industrial production - Industrial production recorded a slight growth of 1.55% year-on-year in October after declining in September. The improvement was the result of more positive indicators in all three major sectors (manufacturing, mining and energy). However, the most influential improvement was in manufacturing, where …

In terms of industrial production, NSI data show that the sector recorded its most serious decline since February. This is mainly due to a serious slowdown in the growth of production in the manufacturing industry to 0.78% from 4.26% in August and, to a lesser extent, to the more severe decline in the production and distribution of …