2014-01-09 06:03:02 - Bahrain Autos Report Q1 2014 - a new market research report on companiesandmarkets.com
Last quarter we revised up our forecasts for new vehicle sales in Bahrain in 2013 from a 9% year-on-year (y-o-y) rise expected earlier to a more robust 14.5% y-o-y increase. We have again revised up our forecast, which now stands at 14.8%.
The upgrades reflects our overall optimism for the economy during 2013 and 2014. We expect Bahrain´s economy to expand at a moderate pace over 2014 and forecast real GDP growth of 3.4%, down from an estimated 4.3% in 2013.
We believe that planned expansion in government current spending will help stimulate private consumption, which in turn will support new vehicle sales. We expect to see relatively robust growth of 5.0% in private consumption in 2014 after an estimated rate of
6.0% in 2013 (with the latter driven by strong base effects following growth of just 0.7% in 2012).
Click for report details: www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Market Research Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Company Profile Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Company- ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.