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Short-term developments in the business economy: Bulgaria e Romania

Short-term developments in the business economy: Bulgaria e Romania

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Published by dmaproiect
At the time of the accession of Bulgaria and Romania to the EU, this publication provides an overview of key short-term business statistics for these two countries.
At the time of the accession of Bulgaria and Romania to the EU, this publication provides an overview of key short-term business statistics for these two countries.

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Published by: dmaproiect on Mar 22, 2010
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03/22/2010

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Statistics
in focus
INDUSTRY, TRADE ANDSERVICES2/2007Author
Liliana APOSTOL
Contents
Industrial production index......2
 
Domestic producer priceindex...........................................3
 
Industrial employment..............4
 
Construction..............................5
 
Retail trade and repair..............6
 
Wholesale trade........................7
 
Hotels and restaurants.............8
 
Land transport...........................9
 
Computer and relatedactivities...................................10
 
Short-term developments inthe business economy:Bulgaria and Romania
At the time of the accession of Bulgaria and Romania to the EU, thispublication provides an overview of key short-term business statistics forthese two countries, and compares their development to that of the EU as awhole and of the ten Member States that joined the EU in 2004.The data presented are for the EU with 27 Member States, including Bulgariaand Romania: these data are already available in Eurostat's on-line database. The data presented for the ten Member States that joined the EU in2004 have been specially compiled for the analysis presented in thispublication, and are not available on-line: this aggregate is referred to in thefigures that follow as "NMS2004". As can be seen from this publication, theavailability of Bulgarian and Romanian short-term statistics is generally good,with relatively long time series available for both countries. Data seriesgenerally start in 2000 or earlier.The figures presented clearly illustrate the major changes in the businesseconomy in Bulgaria and Romania:
strong growth in industrial output;
rapid industrial domestic output price increases in local currency inRomania;
ongoing decline in industrial employment in Romania and a reboundin industrial employment in Bulgaria since the beginning of 2001;
increased construction activity;
increased retail sales activity;
turnover and employment growth in some services sectors, notablycomputer and related activities in Romania.
Figure 1: Monthly production index, industry, trend cycle, 2000=10
80100120140160180
Jan-00Jan-01Jan-02Jan-03Jan-04Jan-05Jan-06
EU-27NMS2004BGRORO, latest month provisional.
(
 
#
 
Manuscript completed on: 04.01.2007Data extracted on: 20.11.2006ISSN 1977-0316Catalogue number: KS-SF-07-002-EN-C © European Communities, 2007
 
 
2Statistics in focus
 —
Industry, trade and services
 —
2/2007 _____________________________________________  
#
Industrial production index
Figures 1 to 6 show the industrial production indexfor industry (NACE Rev. 1.1 Sections C to E) and forthe five main industrial groupings (MIGs). Note thatdifferent scales are used in these figures.Romania experienced a period of expansion startingfrom June 1999, with average growth of 5.3 % peryear through to September 2006, well above the EU-27 average of 1.9 % over the same period, but belowthe 6.8 % average of the 10 Member States that joined the EU in 2004. Growth was particularly strongin the production of consumer durables (seeFigure 4).
Figure 2: Monthly production index, capital goods,trend cycle, 2000=100 
70100130160190220
    J   a   n  -    0    0    J   a   n  -    0    1    J   a   n  -    0    2    J   a   n  -    0    3    J   a   n  -    0    4    J   a   n  -    0    5    J   a   n  -    0    6
EU-27NMS2004BGRORO, latest month provisional.
Figure 3: Monthly production index, intermediate goods, trend cycle, 2000=100 
70100130160190220
    J   a   n  -    0    0    J   a   n  -    0    1    J   a   n  -    0    2    J   a   n  -    0    3    J   a   n  -    0    4    J   a   n  -    0    5    J   a   n  -    0    6
EU-27NMS2004BGRORO, latest month provisional.
Overall strong growth was recorded in Bulgaria fromMay/June 2000 to the latest period (September2006). As in Romania, growth was particularly strongin the production of consumer durables.
Figure 4: Monthly production index, consumer durables, trend cycle, 2000=10
70100130160190220250280310340370
    J   a   n  -    0    0    J   a   n  -    0    1    J   a   n  -    0    2    J   a   n  -    0    3    J   a   n  -    0    4    J   a   n  -    0    5    J   a   n  -    0    6
EU-27NMS2004BGRORO, latest month provisional.
Figure 5: Monthly production index, consumer non-durables, trend cycle, 2000=10
70100130160
    J   a   n  -    0    0    J   a   n  -    0    1    J   a   n  -    0    2    J   a   n  -    0    3    J   a   n  -    0    4    J   a   n  -    0    5    J   a   n  -    0    6
EU-27NMS2004BGRORO, latest month provisional.
Figure 6: Monthly production index, energy,trend cycle, 2000=100 
90100110120130
    J   a   n  -    0    0    J   a   n  -    0    1    J   a   n  -    0    2    J   a   n  -    0    3    J   a   n  -    0    4    J   a   n  -    0    5    J   a   n  -    0    6
EU-27NMS2004BGRORO, latest month provisional.
 
 
 ____________________________________________ 2/2007
 —
Industry, trade and services
 —
Statistics in focus3
#"
Domestic producer price index
Figures 7 to 12 show the domestic producer priceindex: these are compiled from prices in localcurrencies. Again, note that different scales are usedin these figures.
Figure 7: Quarterly producer price index, industry,gross, 2000=100 
50100150200250300350
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27NMS2004BGRORO, latest month provisional.
Figure 8: Quarterly producer price index, capital goods, gross, 2000=10
50100150200250300
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27BGRORO, latest month provisional.
Figure 9: Quarterly producer price index, intermediate goods, gross, 2000=10
50100150200250300
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27BGRORO, latest month provisional.
In each of the MIGs there have been rapid priceincreases in Romania. The price increase since thebeginning of the series (2000 quarter 1) in Bulgariahave also been higher than the average for the 10Member States that joined the EU in 2004.
Figure 10: Quarterly producer price index, consumer durables, gross, 2000=10
507090110130150170190210230250
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27BGRORO, latest month provisional.
Figure 11: Quarterly producer price index, consumer non-durables, gross, 2000=10
50100150200250300
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27BGRORO, latest month provisional.
Figure 12: Quarterly producer price index, energy,gross, 2000=100 
50100150200250300350400450
    2    0    0    0    Q    1    2    0    0    1    Q    1    2    0    0    2    Q    1    2    0    0    3    Q    1    2    0    0    4    Q    1    2    0    0    5    Q    1    2    0    0    6    Q    1
EU-27NMS2004BGRORO, latest month provisional.

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