ADVERTISEMENT

Romania GDP growth slows in Q1

Automotive

Graphic by AlexLMX / Shutterstock.com

Romania’s economic growth decelerated to 2.4% year-on-year in the first quarter of 2020, compared to a 5% annual increase in the like quarter of 2019, non-adjusted flash data from the Bucharest-based National Institute of Statistics (INS) shows. The data confirms earlier flash estimates. 

Graphic by AlexLMX / Shutterstock.com

Final household consumption volume rose by 3.1% in the first quarter of the year. The agricultural sector output edged up by 0.5%, while gross fixed capital formation increased 5.9%. The industrial sector output lost 5.9%, while construction jumped by 23.3%. Imports of goods and services edged up 0.8%, while exports fell 5.5%.

On a seasonally adjusted annual comparison basis, gross domestic product growth slowed down to an annual 2.7%, from 5.1% in the first quarter of last year, the Bucharest-based INS said on June 9. Quarter-on-quarter, GDP grew 0.3% in the first quarter.

Gov't to Present EU-wide Support Scheme for EV Purchases in ... Analysis

Gov't to Present EU-wide Support Scheme for EV Purchases in ...

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Óbuda Uni Planning Technology and Innovation Park Innovation

Óbuda Uni Planning Technology and Innovation Park

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.