Morning reading of the economic world economy in winter; From housing to business.
Good morning, let's get started!
Why is construction getting smaller? What threats do Iran's trade routes face? What changed the interest rate and why does the car become more expensive than the general inflation? Four reports to start the day:
1. construction in recession; The fifth season of negative growth.
Construction recorded negative growth for the fifth quarter in a row. The number of residential units with building permits in 1,404 decreased by 25% and the real investment in this sector decreased by 29%. While the annual need in the country is estimated at 590 thousand units, licenses were given for only 392 thousand units last year.
A winter construction evening.
2. Iran's trade routes are under pressure; The risk of losing the transit market.
Disruption of ports and transportation routes in the south put pressure on Iran's trade and transit. The choice of alternative routes by traders could continue even after normal conditions return and reduce Iran's share of the transit market in the region.
The erosion of Iran's trade routes.
3. The interest rate has gone up; The interbank profit reached 34%.
The repurchase agreement rate increased from 23% to 32% and the interbank interest rate increased from 24% to 33.92%. At the same time, a larger share of the banks' requests to receive liquidity in the open market was accepted; Therefore, raising rates does not necessarily mean that banks' access to resources will become more limited.
Monetary market with a new rate.
4. Car inflation reached 149 percent.
Point-to-point inflation of car purchases in October stood at 149.3%; About 1.7 times the general inflation. The annual car inflation also reached 98.2 percent. A decrease in supply, a decrease in production, an increase in the exchange rate and expectations for inflation are the main causes of this growth.
Car inflation outpaces general inflation.
Morning question.
What is more worrying: a drop in housing, disruptions in business or a rapid increase in car prices?
Read full reports in "Economic World".