Unemployment in Romania
Romania - UnemploymentFollowing a record GDP drop in Q2, available data points to a gradual recovery in Q3. Industrial output fell less steeply in August, improving for the fourth month running. This, coupled with a softer drop in merchandise exports in July–August and stronger economic sentiment in Q3 compared to Q2, hints at a pickup in private sector activity. Less positively, surging Covid-19 cases prompted authorities to extend the state of alert on 15 October for a month and introduce new restrictions in Bucharest, boding ill for the recovery in Q4. In politics, polls indicate that the ruling pro-market PNL party is leading the race in the run-up to December’s general elections, although it is unlikely to secure an absolute parliamentary majority. Lastly, on 30 October, Fitch Ratings affirmed the country’s BBB- rating with a negative outlook, citing its moderate public debt.
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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June 14, 2021
Industrial output rose 63.1% in year-on-year terms in April, which followed March's 13.0% increase.
June 11, 2021
Consumer prices increased 0.53% from the previous month in May, picking up from the 0.45% rise logged in April.
June 8, 2021
A second release confirmed that GDP dropped at a more moderate pace of 0.2% year-on-year in the first quarter, following the 1.4% contraction recorded in the fourth quarter of last year.
May 18, 2021
A flash estimate showed that GDP shrank 0.2% in year-on-year terms in the first quarter of 2021, moderating notably from Q4 2020’s 1.4% decline. Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, economic activity grew 2.8% in Q1 (Q4 2020: +4.6% s.a.
May 13, 2021
Consumer prices rose 0.45% over the previous month in April, above the 0.38% increase logged in March.