Romania GDP Growth 0.2% in Q3 

Figures

Photo by Feng Yu / Shutterstock.com

Romania's economy grew 0.2% year-on-year in the third quarter of 2023, compared to a 3.8% increase in the same quarter of 2022, the National Institute of Statistics (INS) said on Tuesday, citing non-adjusted flash data.

This marked the 10th consecutive period of expansion, but the softest in sequence.

On a seasonally adjusted annual comparison basis, gross domestic product (GDP) increased by 2.1% in the Q3, compared to a 4.2% real growth in the third quarter of 2022, according to the Bucharest-based statistics agency.

On a seasonally adjusted quarterly basis, the country's economy rose 0.4% in the Q3, decelerating from a revised 1.3% rise in the previous quarter.

A separate report showed, that Romania's industrial production in shrank 4.2% year-on-year in September, following a downwardly revised 5.2% decline in the previous month. It was the eleventh straight month of contraction. On a monthly basis, industrial output grew 0.7%, after being flat in August. 

ADVERTISEMENT

SMEs More Pessimistic Analysis

SMEs More Pessimistic

Companies' Own Success Precondition for Country's Success - ... Government

Companies' Own Success Precondition for Country's Success - ...

Market Group Switching to Sustainable Operations Within 3 Ye... Sustainability

Market Group Switching to Sustainable Operations Within 3 Ye...

TikTok Commits to Improved Consumer Communication in Hungary Social

TikTok Commits to Improved Consumer Communication in Hungary

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.