Romania GDP Q3 2016

Romania

Romania: Economy slows but remains strong in Q3

In the third quarter, the Romanian economy expanded 4.4% over the same period of last year, according to preliminary data released on 15 November. The figure marked a slowdown from Q2’s strong 6.0% expansion and undershot market expectations of a 5.1% increase. Despite the deceleration in Q3, growth remains fairly robust and above trend.

On a quarter-on-quarter basis, GDP growth in Q3 slowed to 0.6%, down from Q2’s reading of 1.5% in seasonally-adjusted terms. The Statistical Office (INSSE) will release more detailed data on 6 December.

FocusEconomics Consensus Forecast panelists expect the economy to grow 4.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects the economy to expand 3.5%, which is also unchanged from last month’s estimate.


Author:, Economist

Sample Report

Looking for forecasts related to GDP in Romania? Download a sample report now.

Download

Romania GDP Chart


Romania GDP Q3 2016

Note: Year-on-year changes of GDP in %.
Source: National Institute of Statistics and FocusEconomics Consensus Forecast.


Romania Economic News

More news

Search form