Romania: Economy recovers in the third quarter
November 14, 2014
According to a preliminary estimate released by the statistical office on 14 November, the economy grew 3.2% over the same period last year in the third quarter. The figure marked an acceleration over the 1.2% expansion observed in the previous quarter and overshot market expectations of a lesser increase of 1.4%. More detailed data will be released on 3 December.
On a quarter-on-quarter basis, GDP rose 1.9% in seasonally-adjusted terms in Q3, which contrasted the 0.9% contraction recorded in Q2. Q3’s rise marked the largest expansion since Q3 2008.
Author: Dirina Mançellari, Senior Economist