According to the flash estimate released on 15 November by the National Institute of Statistics (INS), GDP increased a seasonally adjusted 4.4% in the third quarter over the same period last year. The reading represents a significant improvement compared to the 1.4% expansion recorded in the second quarter and nearly doubled market expectations of a 2.3% expansion. In seasonally adjusted terms, the economy expanded a robust 1.9% over the previous quarter, which was well above the 0.2% expansion recorded in the second quarter. A revised and more complete data set will be published on 6 December.
Growth surges in the third quarter
November 15, 2011
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Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.