Makro i sektorske analize koje vam pomažu u pametnom i utemeljenom donošenju odluka.
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Adria Region Macro Quarterly 2Q 2023 - Better Activity Profile, Inflation Still Weighs
Macro Quarterly Outlook highlights a combination of somewhat better profile for this year's core economic activity, increased inflation forecasts and expectations for more central bank tightening than assumed before. Europe's biggest economies are seeing stronger economic activity than expected before and this is translating into South East Europe as well.
13.03.2023.
Industrial production - Global economic slowdown biting on manufacturing activity in 2023
Adria region industrial production rose in 2022 (except in North Macedonia), but on a slower pace compared with the previous year although 2021 was post-pandemic rebound year. Countries in the region are producing more than in 2019, with North Macedonia as a sole exception, posting 8.5% lower production level compared to 2019.
08.03.2023.
Car dealerships - Defending mid single-digit profit margins
In this report we are looking into performance of the local car dealers in order to display the origins of their profitability, magnitude of the effects of the global supply shocks and how the disconnections in the aggregate supply and demand affected car dealerships’ business results. We also look into how the dispersion in sales of the largest car dealerships in the region reflects consumer sentiment.
02.03.2023.
Inflation report - Inflation slowing only modestly in 2023
Headline inflation is slowing down in most of Adria region, with only Serbia being an outlier in the recent months as headline inflation pressures seem to have built up further. On a global view, inflation pressures coming from energy and food categories are easing, especially energy costs with relatively warm winter which in case of Europe meant less usage of gas and electricity.
27.02.2023.
E-commerce industry - Intensifying marketplace competition
E-commerce value has grown rapidly over the past years, with the industry’s growth in mid-teens leading to changes in patterns of traditional retail and distribution business as well. E-commerce development in the Adria region is in somewhat different stages, which comes from different degree of digitalization, characteristics of the market and different economic development between the countries.
20.02.2023.
Competitiveness report - Competitiveness craving for unpopular decisions
With 20+ years of transition and convergence behind, we are taking a detailed look into the competitiveness developments of Adria countries vs. CESEE peers. Aside from highlighting competitiveness rankings made by third party centers in areas such as business environment, we are also going through high level macro results reflecting competitiveness basics.
20.02.2023.
Retail trade - Retail trade trends tilted downwards
A mix of economic activity slowdown, falling real wage levels, rising interest rates and ever-increasing prices, pushed annual growth rates down significantly in Serbia, Slovenia and Croatia, further deepened the decline in North Macedonia, while still held up in Bosnia and Herzegovina.
13.02.2023.
Lending activity - Lending activity slowing down, higher interest rates halting demand
In Adria region, lending activity is in the positive zone in terms of yoy growth, however in most cases growth is slowing in H2 2022. Even though monetary policies are tightening, the transmission on the interest rates still needs to fully materialize, with interest rates still allowing for demand for certain credit categories to remain strong.
08.02.2023.
