GDP in Romania
Romania - GDP (billions of Euros)
Growth moderates in Q2 but remains strong nonetheless
Romania’s economy grew 4.4% year-on-year in the second quarter, according to a preliminary estimate released by the Statistical Institute on 14 August. Although this was down from the first quarter’s 5.0% outturn, the print overshot analysts’ expectations and comfortably exceed the Eurozone average of 1.1%.
In seasonally-adjusted terms, the economy grew 1.0% quarter-on-quarter (Q1: +1.2% quarter-on-quarter s.a.).
Comprehensive second-quarter national accounts will be released on 6 September.
FocusEconomics Consensus Forecast analysts see growth at 3.3% in 2019, which is unchanged from last month’s forecast. For 2020, analysts see growth at 2.9%.
Romania - GDP (EUR bn) Data
|GDP (EUR bn)||144||150||160||171||187|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||4.37||0.23 %||Jul 31|
|Exchange Rate||4.25||-0.34 %||Jul 31|
|Stock Market||9,204||-0.59 %||Jul 31|
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August 14, 2019
Romania’s economy grew 4.4% year-on-year in the second quarter, according to a preliminary estimate released by the Statistical Institute on 14 August.
August 12, 2019
Consumer prices declined 0.2% month-on-month in July, matching June’s print.
August 12, 2019
Industrial output fell 0.2% on an annual basis in June, contrasting May’s 0.2% increase.
August 5, 2019
On 5 August, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%, while also leaving the deposit facility rate at 1.50%, the lending facility (Lombard) rate at 3.50% and maintaining the reserve requirements on both leu- and foreign currency-denominated liabilities.
July 12, 2019
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4% increase.