Uudiste arhiiv

 

SEB: Negative interest rates – what does it mean?

SEB Pank

There are an increasing number of media mentions about negative interest rates as more developed countries across the globe are entering a negative interest rates territory. Five central banks – the European Central Bank (ECB), the Denmark’s National bank, the

Acceleration of GDP growth was expected

Swedbank

According to the flash estimate of Statistics Estonia, GDP growth in Estonia accelerated to 1.7% yoy in 1Q 2016, while compared to the previous quarter (seasonally and working day adjusted) remained flat. On the supply side, continued robust growth of

SEB: the popularity of small loans and other loans differs significantly between the Baltic States

SEB Pank

The SEB Baltic Household Outlook revealed that in 2015 the market for small loans and other loans issued by banks experienced an upturn in Estonia and Lithuania with the loan portfolios increasing by 1.8 per cent and 6.3 per cent

SEB: Export in need of momentum

SEB Pank

The busy statistics calendar of the past weeks has not made it possible to give due attention to everything that is important. Consequently, this weekly commentary will address the foreign trade and registered unemployment statistics, were published already at the

Higher growth requires courage to make investments

SEB Pank

The week was once again packed with economic activity. Reviewed data on the GDP for Q3 were published, unfortunately there were no major changes – the economic growth estimation was increased from 0.5% to 0.7% year on year. Worse-than-expected economic

Strong wage increase and slow economic growth do not go well together

SEB Pank

The strong wage increase in the third quarter is good news for a working person. Increasing employment and average wages, on the other hand, are a bit mystifying against stagnant corporate income and near-zero growth in the third quarter. Upward

Wages rose despite the weak growth in the economy

Eesti Pank

Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%

Economic growth or economic standstill

SEB Pank

Several important economic indicators were updated last week. The new GDP flash estimate for the third quarter indicates that instead of picking up speed, as was expected at the beginning of the year, economic growth is instead beginning to freeze.

Statistics: Growth in the aggregate total of wages outpacing loan balances

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

Balances on loan private individuals’ loans in Estonia have begun to grow at accelerating rates. According to the Bank of Estonia, last August the balance on private individuals’ loans stood at 7.23 billion euros, up 3.5% year on year. Growth

Moderate economic growth, yet risks have increased

SEB Pank

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,

Swedbank flash comment Estonia : Weak foreign demand inhibits the economic growth in Estonia

Swedbank

• GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the GDP growth • Exports decreased

SEB: The gap between industry and trade is widening

SEB Pank

Last week several updates on some important economic indicators were published. Unfortunately the news were mainly negative – industrial production is falling, orders are decreasing and employee’s pay is not growing from the company’s increasing income but from investments. Industry

Swedbank: The Estonian Economy

Swedbank

Why worry about wage growth?  Wage growth accelerated again Not sustainable in the longer term Exports have to recover Wage growth accelerated again Gross wage growth has been around or above 5% since 2011. In the first half of 2015,

Employee numbers rising in spite of declining sales

SEB Pank

The ending week will be remembered by many for the nervous decline of the stock markets. Despite these uncertain times, the global economy is on track for growth. In Estonia, initial data published for the economic performance of businesses in

Lower tax rates and prices lifted real wage income

Eesti Pank

Data from Statistics Estonia show that the growth in average gross wages accelerated to 5.8% in the second quarter of 2015, from 4.5% in the first quarter. Tax changes that took effect this year supported the 7.3% rise in the