Unemployment in Romania
Romania - UnemploymentAvailable indicators suggest that the economy expanded at a solid annual pace in Q3. Although retail sales growth softened from the prior quarter, it remained robust in July–August, which, coupled with a lower unemployment rate in the same period, suggests healthy household spending in Q3. Meanwhile, industrial output declined at a softer monthly pace in July–August, pointing to a slight improvement in private sector activity. Turning to Q4, the collapse of the coalition government on 5 October plunged the country into political crisis. After a failed first attempt by USR party leader Dacian Ciolos on 20 October, the second prime minister-designate Nicolae Ciuca gave up his mandate just before a confidence vote took place in the parliament. President Klaus Iohannis will now have to nominate a new designate or call snap elections.
Romania - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Romania Unemployment Chart
Source: National Institute of Statistics.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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November 17, 2021
The economy continued to grow, albeit at a softer pace, in the third quarter.
November 12, 2021
Industrial output tumbled to 3.3% in annual terms in September, contrasting the prior month’s 0.2% increase and logging the worst print in over a year.
November 11, 2021
Consumer prices soared 1.78% over the previous month in October, coming well above September’s 0.84% rise and logging the highest print since May 2005.
November 9, 2021
At its 9 November meeting, the last for the year, the National Bank of Romania (NBR) raised the policy rate to 1.75% from 1.50%.
October 14, 2021
Industrial output growth moderated to 0.5% in August from 5.9% in July, marking the lowest result since February.