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Regional topics
Industrial production in the Adria region stagnated (on average) in 2023, with Serbia on the higher end (+2.3% yoy) and Slovenia on the lower (-5.3% yoy). In this report we aim to gauge the main driver behind its dynamic, and potential going forward.
09.02.2024.
Regional topics
The real retail trade landscape in the Adria region in 2023 presented a mixed picture. Serbia and Slovenia recorded a decline, North Macedonia recorded stagnation, Croatia saw solid growth and in Bosnia and Herzegovina retail trade experienced expansion. Real wage growth is expected to play a significant role in driving retail trade, but the crucial question lies in the extent of its impact. Notably, consumers are becoming more optimistic, particularly concerning major purchases, which encompass the consumer discretionary segment of retail.
02.02.2024.
Sectoral analyses
Overall strong macroeconomic environment in the previous years has contributed to the increasing consumption in the segment of items related to home improvement, surprisingly, even faster than at the EU level. Spending on home improvement or do-it-yourself (DIY) items was sparked during and after the COVID-19 lockdown and the emergence of working-from-home practice as people spent more time inhouse.
26.01.2024.
Regional topics
Investing in stock portfolios pilled with companies with at least solid ESG ratings and credible ESG track record is again paying well - in 2023, the MSCI Europe ESG Leaders Index rose (+17.4%) more than its parent benchmark MSCI Europe Index (+16.6%), with the latter also involving companies irrelevant of their respective ESG scores and other ESGrelevant criteria.
19.01.2024.
Sectoral analyses
Generally rising prices within the region haven’t skipped the beverage segment. Strong consumer demand in the Adria region supported the upside in the prices, allowing the producers to copy their rising costs to their selling prices. In this part of the analysis, we aim to gauge the main drivers of the non- alcoholic beverages price puzzle.
12.01.2024.
Sectoral analyses
The chemicals sector is driven virtually entirely by end user industries. Chemicals are a key input in a wide array of industries including agriculture, construction, automotive, electronics, healthcare etc. Therefore, our analyses focuses heavily on chemicals end use in order to gauge industry trends and benchmark performance.
05.01.2024.
Sectoral analyses
Despite complex post-covid macroeconomic environment, agricultural companies managed to retain stable course that is evidenced in growing sales figures, improving profitability and growing margins. However, with full storages and decreasing trend of sales prices of crops, we do not expect the continuance of profitability growth going ahead.
18.12.2023.
Macro outlook
Our latest report summarizes the effects of higher personal consumption and recovering foreign component of the gross domestic productin the Adria region countries we see in 2024. Unlike many parts of Europe, it seems that the region has successfully avoided recession, as domestic conditions proved to be much more resilient.
08.12.2023.
Regional topics
Interest rates push coming from the ECB and FED has entered into a flat territory. This doesn’t mean that the restrictiveness is on hold, as higher levels of interest rates achieved so far provide support for the transmission mechanism to keep rolling.
01.12.2023.
Sectoral analyses
The retail real estate industry has undergone its most significant transformation in history, and the cause can be traced, in its initial steps, to restricted movements during the pandemic and subsequently to changes in consumer behavior, with an essential part of the progress being the rise of e-commerce.
24.11.2023.
Sectoral analyses
This report scans the electrical equipment in Adria region from production and distribution market ends. We zoom in on the businesses within the electrical components and equipment sector which facilitate the availability of power distribution and renewable energy generation/transfer.
17.11.2023.
Regional topics
Commodity market shows mixed picture during 2023. Agriculture and energy are stabilizing compared to rocky 2022, while precious metals benefit from their inflation hedge properties in the light of still elevated inflation, recessionary environment and geopolitical tensions.
09.11.2023.
