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2019/11/29 / Erste Group Research

What is behind shrinking manufacturing

This month, we look closely at factors behind decline in manufacturing and slower economic growth in 3Q19. Further, rising budgetary risks led to sell-off in local bonds.

We begin with our feature article: “What is behind shrinking manufacturing?” . Further we take a look at economic growth cooling off, inflation rising in coming months as well as flat current account deficit in recent months and budget deficit close to 4% this year. In the bond monitor: Long-term bonds sold off.

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General information

AuthorErste Group Research
Product nameCEE Country Update
Topic in focusMacro/ Fixed income
Economy in focusRomania
Currency in focusRomanian Leu
Sector in focus-


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