Raiffeisen Research - CEE Weekly Bond Markets |
Autor: Bancherul.ro
2010-10-08 18:07 |
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CEE Weekly Bond Markets Outlook issued by Raiffeisen Research (see atached document):
Romania – In August, industrial output was almost flat (+0.1% mom) after falling by 1% mom in July. As a result, the quarterly growth rate of industrial output in Q3 should be substantially lower than in Q2 (+3.7% qoq), which means also a lower contribution to total GDP. Construction output fell 1.3% mom in August, after plunging 27.6% mom in July. Accordingly, we think that real GDP contracted by around 1.5% qoq in Q3, but a better figure cannot be ruled out in the event of good agricultural output.
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