Business meeting. Photo: Dreamstime
The indicator of economic feeling (ESI) decreased to 100.9 in April, from 102.7 in March, due to the weakness of all components, except for the construction sector. Local developments have reflected the Pan -European tendencies, also recording a decrease across the EU in April.
“Our estimation of economic growth is +1.8% in 2025 compared to +0.8% in 2024. In our opinion, investments will increase faster than household consumption, assisted by EU fund entry. New fiscal consolidation measures are possible after elections, mainly aiming at the revenue of the state budget,” I write an analyst, “
The bank maintains its forecasts regarding three discounts of interest rates by the NBR this year, against the background of weakening the internal demand and monetary relaxation in the Central and Eastern Europe region.
Confidence in the processing industry decreased to -1.2 in April, from -0.4 in March, due to decreased expectations regarding the production and reduction of the number of orders, say the document signatories.
The feeling in the field of services decreased to 3.8 in April, from 7.0 in March, due to the weaker demand registered in the last three months, together with a expected decrease of demand in the next three months.
“Consumers were more pessimistic this month, the trusted indicator being at -18.1 in April compared to -17.3 in March. Households anticipate a deterioration of their financial position and the general economic situation in the next twelve months,” the document shows.
Confidence in the evolution of retail decreased to 10.2 in April, compared to 11.5 in March, due to the pessimistic approach of managers in terms of future business situation.
The feeling in the field of construction has improved slightly, reaching -6.7 in April, compared to -6.9 in March.
The expectations regarding the sale prices are marginal decrease in the processing and growth industry, retail and construction. Consumers are also expecting price increases in the next twelve months.
