Page 43 - SE Outlook Regions 2022

The production in the electricity, gas and air conditioning sector jumped
up by 36.9% y/y in 3Q21, following a 9.6% increase in the second
quarter of 2021.

The production in water supply and waste management soared by
72.9% on an annual basis, following a 75.2% y/y jump in the previous
quarter.

Kosovo’s producer price index (PPI) went up by an annual 6.9% in the
third quarter of 2021, speeding up significantly from a 3.6% y/y increase
in the previous quarter, according to statistics office data.

After falling for most of 2020, the PPI started to increase since the
fourth quarter of 2020 and speeded up the pace of growth in the first
three quarters of 2021.

The index rose 4% from the previous three months in 3Q21, after ticking
up 0.4% q/q in the second quarter.

In annual terms, Kosovo posted the largest PPI increases in the supply
of electricity, gas, steam and air conditioning (17%), production of
metals (12.1%), furniture (9%), metal products (4.7%), and rubber and
plastics (4.7%). The increase was offset mostly by dropping production
prices of leather (-3.3%) and the group of other ores (-0.8%).

2.6 Macroeconomy - Moldova

MOLDOVA key economic figures and forecasts

2016 2017 2018 2019 2020 2021E 2022P

Nominal GDP (EUR bn) 7.30 8.60 9.74 10.70 10.44 11.00 11.50
$8.08 $9.78 $11.46 $11.96 $11.96 $13.0 $13.6

Real GDP (% yoy) 4.4 4.7 4.3 3.6 -6.9 7.5 4.5

Industrial output (% yoy) 0.9 3.5 3.8 2.1 -5.7 10.0 4.5

Unemployment rate (avg, %) 4.1 3.1 5.1 3.8 5.5 3.0

43 SE Outlook 2022 www.intellinews.com