Romania: Growth surges in the third quarter
November 15, 2011
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.