A new study of the credit market shows the main trends in borrowed funds and their interest rates. The study provides another insight into the unusual for Europe interest rate dynamics in the Bulgarian household lending sector. On the eve of a possible reversal of monetary policy in Europe, the credit market in Bulgaria remains highly dynamic, …
More »The construction boom is reaching pre-2008 levels.
Highlights: - Construction production accelerates sharply in January, reaching record levels for the last 10 years - Consumer inflation accelerates, that of industrial goods slows down - Housing lending continues to accelerate and also grows at record levels for the last years - Industrial sales and production grow by …
More »The past year 2017 marked a boom in growth in all sectors of the economy.
Highlights: - Construction production falls in December, but it is still early to talk about a reversal of the strong upward trend in the sector - Inflation also slows, both in consumer and manufactured goods, but remains high - Lending accelerates slightly, with housing lending growing at the fastest pace towards …
More »Inflation reaches its highest level since 2013
Highlights: - Higher consumption leads to an acceleration in the pace of inflation in almost all categories of consumer goods and services - Lending to non-financial corporations slows, but consumer credit remains high and supports inflation - Construction production grows again at a double-digit pace, thanks to a recovery in engineering construction - Growth in …
More »Labor shortages are becoming increasingly severe in industry and construction
Highlights: - With pre-crisis employment levels reaching new lows, labor shortages are becoming increasingly serious in some sectors - Building construction growth continues to pull ahead, most likely due to inflation in property prices - Inflation continues to accelerate in late summer and reaches …
More »Inflation returns in the summer months
Highlights: - Higher inflation in both manufactured and consumer goods for the first time since April - In the industrial sector, this is mainly due to higher inflation in energy products - Retail trade continues to grow at a high and stable pace, which slowed slightly in …
More »Growth is weakening across all sectors, but the longer-term trend is positive
Highlights: - Growth slowed in all sectors in June, but the average level for the first half of the year is significantly higher than that reported in 2016 - Despite the slowdown, the growth rate in all sectors in our country remains above the EU average - The recovery in the construction sector continues at a strong pace, but there are …
More »Macroeconomic Monitor: Growth in all sectors slows in April
Highlights: - Growth is slowing across all sectors, with retail remaining the highest - Consumer price inflation is slowing, but manufacturing inflation is accelerating - Credit is growing at the fastest pace since 2012 - We expect producer price inflation in industry to rise...
More »Monthly Macroeconomic Monitor: Record industrial growth in recent years
Highlights: - Record levels of growth in industrial production and exports for the last few years - In March, the construction production index grew for the first time since December 2015 - Growth in retail trade sharply accelerated and reached a double-digit level - Producer price inflation weakened, ...
More »Monthly Macroeconomic Monitor: Inflation reaches record levels for recent years
Highlights: - Inflation continues to accelerate, most noticeably in manufactured goods. - In February, retail growth in Bulgaria continues to outpace that in the EU. - Industrial production is growing again, with sales in the extractive industry growing at the highest levels since 2011. - The construction sector is starting to emerge from the prolonged period of …
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EKIP– Expert Club for Economics and Politics A Different Opinion